China Lumena New Materials (China Lumena New Materials) LT-Debt-to-Total-Asset : 603.14 (As of Jun. 2021)

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What is China Lumena New Materials 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 Lumena New Materials's long-term debt to total assests ratio for the quarter that ended in Jun. 2021 was 603.14.

China Lumena New Materials's long-term debt to total assets ratio increased from Jun. 2020 (491.06) to Jun. 2021 (603.14). It may suggest that China Lumena New Materials is progressively becoming more dependent on debt to grow their business.

China Lumena New Materials LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Lumena New Materials'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 Lumena New Materials LT-Debt-to-Total-Asset Chart

China Lumena New Materials Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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409.68

484.50

531.98

498.61

477.05

China Lumena New Materials Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															491.32	498.61	491.06	477.05	603.14

China Lumena New Materials LT-Debt-to-Total-Asset Calculation

China Lumena New Materials's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	570.077	/	1.195
	=

China Lumena New Materials's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2021 is calculated as

LT Debt to Total Assets (Q: Jun. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2021 )	/	Total Assets (Q: Jun. 2021 )
	=	580.218	/	0.962
	=

China Lumena New Materials (OTCPK:CHLUY) 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 Lumena New Materials LT-Debt-to-Total-Asset Related Terms

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China Lumena New Materials (China Lumena New Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Lumena New Materials Corp (OTCPK:CHLUY) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

22nd Floor, Prince’s Building, Central, Hong Kong, HKG

Website

https://www.lumena.hk

China Lumena New Materials Corp and its subsidiaries are engaged in the manufacturing and selling of polyphenylene sulfide products including PPS resin, PPS fiber, and PPS compounds. It is also engaged in processing and selling powder thenardite, specialty thenardite and medical thenardite.

China Lumena New Materials (China Lumena New Materials) Headlines

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