Liaoning Chunguang Pharmaceutical Equipment (BJSE:838810) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

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What is Liaoning Chunguang Pharmaceutical Equipment LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Liaoning Chunguang Pharmaceutical Equipment's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Liaoning Chunguang Pharmaceutical Equipment's long-term debt to total assets ratio increased from Mar. 2023 (0.06) to Mar. 2024 (0.10). It may suggest that Liaoning Chunguang Pharmaceutical Equipment is progressively becoming more dependent on debt to grow their business.

Liaoning Chunguang Pharmaceutical Equipment LT-Debt-to-Total-Asset Historical Data

The historical data trend for Liaoning Chunguang Pharmaceutical Equipment's LT-Debt-to-Total-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.

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Liaoning Chunguang Pharmaceutical Equipment LT-Debt-to-Total-Asset Chart

Liaoning Chunguang Pharmaceutical Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.06

0.10

Liaoning Chunguang Pharmaceutical Equipment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.10	0.10	0.10	0.10

Liaoning Chunguang Pharmaceutical Equipment LT-Debt-to-Total-Asset Calculation

Liaoning Chunguang Pharmaceutical Equipment's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	47.509	/	458.091
	=	0.10

Liaoning Chunguang Pharmaceutical Equipment's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	47.43	/	474.853
	=	0.10

Liaoning Chunguang Pharmaceutical Equipment (BJSE:838810) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Liaoning Chunguang Pharmaceutical Equipment LT-Debt-to-Total-Asset Related Terms

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Liaoning Chunguang Pharmaceutical Equipment (BJSE:838810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Liaoning Chunguang Pharmaceutical Equipment Corp Ltd (BJSE:838810) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qilihe Industrial Park, Liaoning Province, Jinzhou, CHN, 121000

Website

http://www.lncgjx.com

Liaoning Chunguang Pharmaceutical Equipment Corp Ltd engages in research, development, production, and sales of food and pharmaceutical packaging equipment. It is a high-end packaging equipment manufacturer specializing in pharmaceuticals, food, and daily chemicals.

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