Shandong Gold Mining Co (FRA:188H) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)

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What is Shandong Gold Mining 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. Shandong Gold Mining Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

Shandong Gold Mining Co's long-term debt to total assets ratio increased from Mar. 2023 (0.17) to Mar. 2024 (0.18). It may suggest that Shandong Gold Mining Co is progressively becoming more dependent on debt to grow their business.

Shandong Gold Mining Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shandong Gold Mining 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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Shandong Gold Mining Co LT-Debt-to-Total-Asset Chart

Shandong Gold Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.07

0.15

0.17

Shandong Gold Mining Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.19	0.21	0.17	0.18

Shandong Gold Mining Co LT-Debt-to-Total-Asset Calculation

Shandong Gold Mining 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 )
	=	2994.896	/	17286.284
	=	0.17

Shandong Gold Mining Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	3368.081	/	18256.831
	=	0.18

Shandong Gold Mining Co (FRA:188H) 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.

Shandong Gold Mining Co LT-Debt-to-Total-Asset Related Terms

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Shandong Gold Mining Co (FRA:188H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shandong Gold Mining Co Ltd (FRA:188H) » Definitions » LT-Debt-to-Total-Asset

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01787:Hong Kong 600547:China

Address

No. 2503 Jingshi Road, Licheng District, Shandong Province, Jinan, CHN, 250107

Website

http://www.sdhjgf.com.cn

Shandong Gold Mining Co Ltd is a China-based company engaged in the exploration, mining, and smelting of gold mines. It is also engaged in the purification, processing, manufacturing, and distribution of precious metal, nonferrous metal products, and gold jewelry. The operating segments of the company are Gold Mining, Gold Refining, and Investment Management. It derives key revenue from the Gold Refining segment which involves the production and sales of gold. The group operates in the PRC and Outside PRC, of which most of the revenue is from the PRC.

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