Nanjing Hujiang Composite Materials Co (BJSE:870204) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Nanjing Hujiang Composite Materials Co 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. Nanjing Hujiang Composite Materials Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Nanjing Hujiang Composite Materials Co's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.06). It may suggest that Nanjing Hujiang Composite Materials Co is progressively becoming more dependent on debt to grow their business.

Nanjing Hujiang Composite Materials Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nanjing Hujiang Composite Materials Co'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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Nanjing Hujiang Composite Materials Co LT-Debt-to-Total-Asset Chart

Nanjing Hujiang Composite Materials Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

Nanjing Hujiang Composite Materials Co Quarterly Data
	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.03	0.06

Nanjing Hujiang Composite Materials Co LT-Debt-to-Total-Asset Calculation

Nanjing Hujiang Composite Materials Co'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 )
	=	0.183	/	585.976
	=	0.00

Nanjing Hujiang Composite Materials Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	37.174	/	610.448
	=	0.06

Nanjing Hujiang Composite Materials Co (BJSE:870204) 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.

Nanjing Hujiang Composite Materials Co LT-Debt-to-Total-Asset Related Terms

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Nanjing Hujiang Composite Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Nanjing Hujiang Composite Materials Co Ltd (BJSE:870204) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 10, Lanxia Road, Moling Street, Industrial Concentration Zone, Jiangning District, Jiangsu Province, Nanjing, CHN

Website

https://www.njhjgs.com

Nanjing Hujiang Composite Materials Co Ltd is involved in the R&D, production, and sales of high-barrier industrial flexible packaging. There mainly four products one is aluminum-plastic composite heavy packaging bags for industrial use, the other is various food-grade flexible packaging bags, and various liquid bags above 250L, and the fourth is KPE film for solar photovoltaic backplanes. It is mainly used for vacuum packaging or general packaging of chemicals, food, medicine, tea, electronic components, precision instruments, and other products. The group exports to Europe, America, Southeast Asia, New Zealand, and other places.

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