CBUMY (China National Building Material Co) LT-Debt-to-Total-Asset : 0.25 (As of Jun. 2024)

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What is China National Building Material 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. China National Building Material Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.25.

China National Building Material Co's long-term debt to total assets ratio increased from Jun. 2023 (0.23) to Jun. 2024 (0.25). It may suggest that China National Building Material Co is progressively becoming more dependent on debt to grow their business.

China National Building Material Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China National Building Material 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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China National Building Material Co LT-Debt-to-Total-Asset Chart

China National Building Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.19

0.20

0.23

China National Building Material Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.20	0.23	0.23	0.25

China National Building Material Co LT-Debt-to-Total-Asset Calculation

China National Building Material 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 )
	=	15792.151	/	68471.181
	=	0.23

China National Building Material Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	16865.605	/	68875.962
	=	0.24

China National Building Material Co (OTCPK:CBUMY) 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.

China National Building Material Co LT-Debt-to-Total-Asset Related Terms

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China National Building Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China National Building Material Co Ltd (OTCPK:CBUMY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

03323:Hong Kong D1Y:Germany

Address

No. 17 Fuxing Road, 21st Floor, Tower 2 (Building B), Guohai Plaza, Haidian District, Beijing, CHN, 100036

Website

https://www.cnbmltd.cn

China National Building Material Co Ltd is a state-owned building material holding company. Its reportable segments are the Cement segment which includes the production and sale of cement, Concrete segment includes the Production and sale of concrete, New Materials segment comprises of Production and sale of glass fiber, composite, and lightweight building materials, and Engineering Services includes the Provision of engineering services to glass and cement manufacturers and equipment procurement, and others segment comprises Merchandise trading business and others. The company operates in China, Europe, the Middle East, Southeast Asia, Oceania, Africa, the Americas, and other countries, out of which the majority of the revenue comes from China.

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