Chinanjiang Fine Chemicals Co (Chinanjiang Fine Chemicals Co) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2023)

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What is Chinanjiang Fine Chemicals 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. Chinanjiang Fine Chemicals Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.15.

Chinanjiang Fine Chemicals Co's long-term debt to total assets ratio declined from Dec. 2022 (0.18) to Dec. 2023 (0.15). It may suggest that Chinanjiang Fine Chemicals Co is progressively becoming less dependent on debt to grow their business.

Chinanjiang Fine Chemicals Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chinanjiang Fine Chemicals 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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Chinanjiang Fine Chemicals Co LT-Debt-to-Total-Asset Chart

Chinanjiang Fine Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.14

0.18

0.15

Chinanjiang Fine Chemicals Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.16	0.18	0.16	0.15

Chinanjiang Fine Chemicals Co LT-Debt-to-Total-Asset Calculation

Chinanjiang Fine Chemicals 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 )
	=	437.621	/	2941.342
	=	0.15

Chinanjiang Fine Chemicals Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	437.621	/	2941.342
	=	0.15

Chinanjiang Fine Chemicals Co (OTCPK:CNSJF) 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.

Chinanjiang Fine Chemicals Co LT-Debt-to-Total-Asset Related Terms

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Chinanjiang Fine Chemicals Co (Chinanjiang Fine Chemicals Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Sanjiang Fine Chemicals Co Ltd (OTCPK:CNSJF) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

02198:Hong Kong

Address

Pinghai Road, Jiaxing Port Area, Zhejiang Province, Jiaxing, CHN

Website

https://www.chinasanjiang.com

China Sanjiang Fine Chemicals Co Ltd manufactures and supplies chemicals in China. The company's products portfolio includes ethylene oxide, ethylene glycol, propylene, polypropylene, methyl tert-butyl ether and surfactants and provides surfactants processing service. Besides, it also produces and distributes C4, crude pentene and industrial gasses, such as oxygen, nitrogen, and argon.

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