Tianhe Chemicals Group (Tianhe Chemicals Group) Debt-to-Asset : 0.17 (As of Jun. 2014)

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What is Tianhe Chemicals Group Debt-to-Asset?

Tianhe Chemicals Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was $359.37 Mil. Tianhe Chemicals Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was $4.74 Mil. Tianhe Chemicals Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2014 was $2,171.89 Mil. Tianhe Chemicals Group's debt to asset for the quarter that ended in Jun. 2014 was 0.17.

Tianhe Chemicals Group Debt-to-Asset Historical Data

The historical data trend for Tianhe Chemicals Group's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tianhe Chemicals Group Debt-to-Asset Chart

Tianhe Chemicals Group Annual Data

Trend

Dec11

Dec12

Dec13

Debt-to-Asset

0.38

0.32

0.25

Tianhe Chemicals Group Semi-Annual Data
	Dec11	Dec12	Jun13	Dec13	Jun14
Debt-to-Asset	0.38	0.32	-	0.25	0.17

Competitive Comparison of Tianhe Chemicals Group's Debt-to-Asset

For the Specialty Chemicals subindustry, Tianhe Chemicals Group's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tianhe Chemicals Group's Debt-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tianhe Chemicals Group's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Tianhe Chemicals Group's Debt-to-Asset falls into.

Tianhe Chemicals Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tianhe Chemicals Group's Debt-to-Asset for the fiscal year that ended in Dec. 2013 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(414.22	+	7.098)	/	1713.545
	=	0.25

Tianhe Chemicals Group's Debt-to-Asset for the quarter that ended in Jun. 2014 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(359.372	+	4.742)	/	2171.894
	=	0.17

Tianhe Chemicals Group (GREY:TNHCF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Tianhe Chemicals Group Debt-to-Asset Related Terms

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Tianhe Chemicals Group (Tianhe Chemicals Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianhe Chemicals Group Ltd (GREY:TNHCF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Connaught Road Central, 28th Floor, AIA Central, Central, Hong Kong, HKG

Website

http://www.tianhechem.com

Tianhe Chemicals Group Ltd is primarily engaged in the manufacture and sale of specialty chemicals in Hong Kong. The company offers lubricant additive components, lubricant additive packages, lubricant additive intermediates and special fluoride chemicals. It produces lubricant additives components such as detergent, ashless dispersant, corrosion inhibitor, EP anti-wear agent, antioxidants and pour point depressant. Lubricant additive packages include additives for gear oil engine oil and industrial oil.

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