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Guangdong Kitech New Material Holding Co (SZSE:300995) Debt-to-Asset : 0.05 (As of Dec. 2023)


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What is Guangdong Kitech New Material Holding Co Debt-to-Asset?

Guangdong Kitech New Material Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥10.3 Mil. Guangdong Kitech New Material Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥26.5 Mil. Guangdong Kitech New Material Holding Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was ¥802.5 Mil. Guangdong Kitech New Material Holding Co's debt to asset for the quarter that ended in Dec. 2023 was 0.05.


Guangdong Kitech New Material Holding Co Debt-to-Asset Historical Data

The historical data trend for Guangdong Kitech New Material Holding Co'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.

* Premium members only.

Guangdong Kitech New Material Holding Co Debt-to-Asset Chart

Guangdong Kitech New Material Holding Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial 0.03 0.12 0.08 0.02 0.05

Guangdong Kitech New Material Holding Co Quarterly Data
Dec17 Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.01 0.02 0.05 0.05

Competitive Comparison of Guangdong Kitech New Material Holding Co's Debt-to-Asset

For the Chemicals subindustry, Guangdong Kitech New Material Holding Co'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.


Guangdong Kitech New Material Holding Co's Debt-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Kitech New Material Holding Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Guangdong Kitech New Material Holding Co's Debt-to-Asset falls into.



Guangdong Kitech New Material Holding Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Guangdong Kitech New Material Holding Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(10.337 + 26.522) / 802.474
=0.05

Guangdong Kitech New Material Holding Co's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(10.337 + 26.522) / 802.474
=0.05

* 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.


Guangdong Kitech New Material Holding Co  (SZSE:300995) 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.


Guangdong Kitech New Material Holding Co Debt-to-Asset Related Terms

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Guangdong Kitech New Material Holding Co (SZSE:300995) Business Description

Traded in Other Exchanges
N/A
Address
135 Dongsheng Road, Jianghai District, Guangdong Province, Jiangmen, CHN, 529000
Guangdong Kitech New Material Holding Co Ltd research and development, design, production and sales of modified nylon and modified polypropylene based high-performance polymer composite materials and their products, precision injection molds, and related services.

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