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Jiangsu Fasten Co (SZSE:000890) Liabilities-to-Assets : 0.85 (As of Sep. 2024)


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What is Jiangsu Fasten 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. Jiangsu Fasten Co's Total Liabilities for the quarter that ended in Sep. 2024 was ¥1,018.5 Mil. Jiangsu Fasten Co's Total Assets for the quarter that ended in Sep. 2024 was ¥1,194.8 Mil. Therefore, Jiangsu Fasten Co's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2024 was 0.85.


Jiangsu Fasten Co Liabilities-to-Assets Historical Data

The historical data trend for Jiangsu Fasten 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.

* Premium members only.

Jiangsu Fasten Co Liabilities-to-Assets Chart

Jiangsu Fasten Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.03 0.98 0.89 0.89 0.91

Jiangsu Fasten Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.89 0.91 0.92 0.90 0.85

Competitive Comparison of Jiangsu Fasten Co's Liabilities-to-Assets

For the Steel subindustry, Jiangsu Fasten 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.


Jiangsu Fasten Co's Liabilities-to-Assets Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jiangsu Fasten Co's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Jiangsu Fasten Co's Liabilities-to-Assets falls into.



Jiangsu Fasten 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.

Jiangsu Fasten 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
=1401.997/1545.069
=0.91

Jiangsu Fasten Co's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2024 is calculated as

Liabilities-to-Assets (Q: Sep. 2024 )=Total Liabilities/Total Assets
=1018.508/1194.799
=0.85

* 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.


Jiangsu Fasten Co  (SZSE:000890) 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.


Jiangsu Fasten Co Liabilities-to-Assets Related Terms

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Jiangsu Fasten Co Business Description

Traded in Other Exchanges
N/A
Address
No. 165, Chengjiang Middle Road, Jiangsu Province, Jiangyin, CHN, 214434
Jiangsu Fasten Co Ltd is a China-based company mainly engaged in commercial factoring, fine optimization of metal products, bridge cable products and infrastructure materials manufacturing and sales. The company offers steel wires, stranded steel wires, stainless steel silk products, and steel-cables; fiber and cable products.
Executives
Huang Xiao Juan Supervisors
Zhu Gang Supervisors
Zhao Jun Directors, executives
Cao Yu Director
Liu Li Hua Director
Tang Fu Ru Supervisors
Liu Yin Director
Liang Le Tian Executives
Zhou Jian Song Director
Wu Yu Jun Executives

Jiangsu Fasten Co Headlines

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