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Jiangxi Hungpai New Material Co (SHSE:605366) Liabilities-to-Assets : 0.35 (As of Mar. 2024)


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What is Jiangxi Hungpai New Material Co Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Jiangxi Hungpai New Material Co's Total Liabilities for the quarter that ended in Mar. 2024 was ¥1,088 Mil. Jiangxi Hungpai New Material Co's Total Assets for the quarter that ended in Mar. 2024 was ¥3,086 Mil. Therefore, Jiangxi Hungpai New Material Co's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.35.


Jiangxi Hungpai New Material Co Liabilities-to-Assets Historical Data

The historical data trend for Jiangxi Hungpai New Material Co's Liabilities-to-Assets 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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Jiangxi Hungpai New Material Co Liabilities-to-Assets Chart

Jiangxi Hungpai New Material Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
Get a 7-Day Free Trial 0.29 0.09 0.25 0.30 0.34

Jiangxi Hungpai New Material Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Liabilities-to-Assets 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 0.33 0.36 0.37 0.34 0.35

Competitive Comparison of Jiangxi Hungpai New Material Co's Liabilities-to-Assets

For the Chemicals subindustry, Jiangxi Hungpai New Material Co's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


Jiangxi Hungpai New Material Co's Liabilities-to-Assets Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangxi Hungpai New Material Co's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Jiangxi Hungpai New Material Co's Liabilities-to-Assets falls into.



Jiangxi Hungpai New Material Co Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Jiangxi Hungpai New Material Co's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=1010.92/2999.634
=0.34

Jiangxi Hungpai New Material Co's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as

Liabilities-to-Assets (Q: Mar. 2024 )=Total Liabilities/Total Assets
=1088.18/3086.397
=0.35

* 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.


Jiangxi Hungpai New Material Co  (SHSE:605366) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


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Jiangxi Hungpai New Material Co (SHSE:605366) Business Description

Traded in Other Exchanges
N/A
Address
Industrial 9th ??Road, Tashan Industrial Park, Jiangxi Province, Leping, CHN, 333332
Jiangxi Hungpai New Material Co Ltd is engaged in research and development, production and sales of new silicon-based materials such as functional silanes, nano-silicon materials and other chemical additives. The company's products include Silane Coupling Agent, Anti-Reversion Agent, Antioxidant Agent, Manufacturing Additive Agent, Prevent Blooming Agent, Raw Chemical Material, Silicone Products Series, Fumed Silica, Anti-Adherent Agent, and Silane coupling agent series.
Executives
Lin Qing Song Director
Ji Jin Shu Director
Zhang Jie senior management
Song Jian Kun Supervisors
Hu Cheng Fa senior management
Lang Feng Ping Directors, senior managers
Li Ming Zai senior management
Chen Jie senior management
Wu Hua Director

Jiangxi Hungpai New Material Co (SHSE:605366) Headlines

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