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Zhejiang Runtu Co (SZSE:002440) Liabilities-to-Assets : 0.18 (As of Mar. 2024)


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What is Zhejiang Runtu 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. Zhejiang Runtu Co's Total Liabilities for the quarter that ended in Mar. 2024 was ¥2,147 Mil. Zhejiang Runtu Co's Total Assets for the quarter that ended in Mar. 2024 was ¥11,814 Mil. Therefore, Zhejiang Runtu Co's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.18.


Zhejiang Runtu Co Liabilities-to-Assets Historical Data

The historical data trend for Zhejiang Runtu 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.

Zhejiang Runtu Co Liabilities-to-Assets Chart

Zhejiang Runtu 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 0.18 0.18 0.16 0.22 0.18

Zhejiang Runtu 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 0.24 0.27 0.20 0.18 0.18

Competitive Comparison of Zhejiang Runtu Co's Liabilities-to-Assets

For the Specialty Chemicals subindustry, Zhejiang Runtu 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.


Zhejiang Runtu Co's Liabilities-to-Assets Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Runtu Co's Liabilities-to-Assets distribution charts can be found below:

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



Zhejiang Runtu 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.

Zhejiang Runtu 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
=2112.163/11771.192
=0.18

Zhejiang Runtu 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
=2147.313/11814.206
=0.18

* 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.


Zhejiang Runtu Co  (SZSE:002440) 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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Zhejiang Runtu Co (SZSE:002440) Business Description

Traded in Other Exchanges
N/A
Address
daoxu town, shangyu city, zhejiang province, CHN
Zhejiang Runtu Co Ltd produces and sells disperse, reactive, direct, blended, cation, and original dyes. The company also deals in chemical intermediates, textile auxiliaries, insurance powder, sulfuric acid, chlor-alkali, and hydrogen peroxide.
Executives
Zhao Guo Sheng Directors, executives
Ruan Jia Chun Director
Ruan Xing Xiang Director
Ruan Guang Dong Directors, executives
Chen He Mei Independent director
Zhou Cheng Yu Executives
Xu Wan Fu Directors, executives
Ruan Jing Bo Director
Qi Rong Hua Securities Affairs Representative
Luo Yi Jia Supervisors
Han Ming Juan Supervisors
Jing Zhe Hu Executives
Liu Bo Ping Securities Affairs Representative
Zhang Tian Fu Independent director
Ruan Jia Gen Director

Zhejiang Runtu Co (SZSE:002440) Headlines

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