China Zhongwang Holdings (China Zhongwang Holdings) LT-Debt-to-Total-Asset : 0.33 (As of Dec. 2020)

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What is China Zhongwang Holdings 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 Zhongwang Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2020 was 0.33.

China Zhongwang Holdings's long-term debt to total assets ratio declined from Dec. 2019 (0.40) to Dec. 2020 (0.33). It may suggest that China Zhongwang Holdings is progressively becoming less dependent on debt to grow their business.

China Zhongwang Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Zhongwang Holdings'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 Zhongwang Holdings LT-Debt-to-Total-Asset Chart

China Zhongwang Holdings Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.31

0.38

0.40

0.33

China Zhongwang Holdings Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.38	0.36	0.40	0.38	0.33

China Zhongwang Holdings LT-Debt-to-Total-Asset Calculation

China Zhongwang Holdings'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 )
	=	6388.89	/	19569.376
	=	0.33

China Zhongwang Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (Q: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2020 )	/	Total Assets (Q: Dec. 2020 )
	=	6388.89	/	19569.376
	=	0.33

China Zhongwang Holdings (GREY:CHZHY) 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.

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China Zhongwang Holdings (China Zhongwang Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Zhongwang Holdings Ltd (GREY:CHZHY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 299, Wensheng Road, Liaoning Province, Liaoyang, CHN, 111003

Website

http://www.zhongwang.com

China Zhongwang Holdings Ltd produces and sells industrial aluminium extrusion products. The company's operating segments: aluminium alloy framework, industrial, construction, flat-rolled, further-fabricated, Leasing, and others. The aluminium alloy framework segment, which generates the vast majority of revenue, primarily sells products to industrial customers. The vast majority of China Zhongwang's revenue comes from China. The firm is also expanding internationally with sales in the U.S., Germany, and South Korea.

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