Tianqi Lithium Industries (SZSE:002466) Debt-to-Revenue : 1.09 (As of Mar. 2024)

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What is Tianqi Lithium Industries Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Tianqi Lithium Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥969 Mil. Tianqi Lithium Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥10,310 Mil. Tianqi Lithium Industries's annualized Revenue for the quarter that ended in Mar. 2024 was ¥10,339 Mil. Tianqi Lithium Industries's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 1.09.

Tianqi Lithium Industries Debt-to-Revenue Historical Data

The historical data trend for Tianqi Lithium Industries's Debt-to-Revenue 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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Tianqi Lithium Industries Debt-to-Revenue Chart

Tianqi Lithium Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

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7.01

9.36

2.69

0.22

0.29

Tianqi Lithium Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Revenue	Get a 7-Day Free Trial															0.20	0.20	0.32	0.41	1.09

Competitive Comparison of Tianqi Lithium Industries's Debt-to-Revenue

For the Specialty Chemicals subindustry, Tianqi Lithium Industries's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

Tianqi Lithium Industries's Debt-to-Revenue Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tianqi Lithium Industries's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Tianqi Lithium Industries's Debt-to-Revenue falls into.

Tianqi Lithium Industries Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Tianqi Lithium Industries's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(1090.128	+	10666.858)	/	40503.462
	=	0.29

Tianqi Lithium Industries's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(969.094	+	10310.411)	/	10338.54
	=	1.09

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.

Tianqi Lithium Industries Debt-to-Revenue Related Terms

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Tianqi Lithium Industries (SZSE:002466) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianqi Lithium Industries Inc (SZSE:002466) » Definitions » Debt-to-Revenue

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Traded in Other Exchanges

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Address

No.10 East Gaopeng Road, Hi-Tech Development Zone, Sichuan Province, Chengdu, CHN, 629200

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Tianqi Lithium Industries (SZSE:002466) Headlines

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