China Specialty Glass AG (FRA:8GS) LT-Debt-to-Total-Asset : 0.16 (As of Jun. 2014)

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What is China Specialty Glass AG 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 Specialty Glass AG's long-term debt to total assests ratio for the quarter that ended in Jun. 2014 was 0.16.

China Specialty Glass AG's long-term debt to total assets ratio declined from Jun. 2013 (0.21) to Jun. 2014 (0.16). It may suggest that China Specialty Glass AG is progressively becoming less dependent on debt to grow their business.

China Specialty Glass AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Specialty Glass AG'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 Specialty Glass AG LT-Debt-to-Total-Asset Chart

China Specialty Glass AG Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

LT-Debt-to-Total-Asset

0.25

0.21

China Specialty Glass AG Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.21	0.20	0.21	0.20	0.16

China Specialty Glass AG LT-Debt-to-Total-Asset Calculation

China Specialty Glass AG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2013 is calculated as

LT Debt to Total Assets (A: Dec. 2013 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2013 )	/	Total Assets (A: Dec. 2013 )
	=	41.69	/	201.921
	=	0.21

China Specialty Glass AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2014 is calculated as

LT Debt to Total Assets (Q: Jun. 2014 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2014 )	/	Total Assets (Q: Jun. 2014 )
	=	34.392	/	211.142
	=	0.16

China Specialty Glass AG (FRA:8GS) 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 Specialty Glass AG (FRA:8GS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Specialty Glass AG (FRA:8GS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

An den Romerhuegeln 1, Grunwald, DEU, 82031

Website

http://www.csg-ag.com

China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.

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