Chongqing Iron & Steel Co (FRA:CGP) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2024)

View and export this data going back to . Start your Free Trial

What is Chongqing Iron & Steel 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. Chongqing Iron & Steel Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.05.

Chongqing Iron & Steel Co's long-term debt to total assets ratio declined from Dec. 2023 (0.09) to Dec. 2024 (0.05). It may suggest that Chongqing Iron & Steel Co is progressively becoming less dependent on debt to grow their business.

Chongqing Iron & Steel Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chongqing Iron & Steel 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.

* Premium members only.

Chongqing Iron & Steel Co LT-Debt-to-Total-Asset Chart

Chongqing Iron & Steel Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.11

0.06

0.08

0.09

0.05

Chongqing Iron & Steel Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.09	0.09	0.03	0.05

Chongqing Iron & Steel Co LT-Debt-to-Total-Asset Calculation

Chongqing Iron & Steel Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	220.707	/	4653.767
	=	0.05

Chongqing Iron & Steel Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	220.707	/	4653.767
	=	0.05

Chongqing Iron & Steel Co (FRA:CGP) 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.

Chongqing Iron & Steel Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Chongqing Iron & Steel Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Chongqing Iron & Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chongqing Iron & Steel Co Ltd (FRA:CGP) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

01053:Hong Kong 601005:China

Address

No. 2 Jiangnan Avenue, Jiangnan Street, Changshou District, Chongqing, CHN, 401258

Website

http://www.cqgt.cn

Chongqing Iron & Steel Co Ltd is a company that produces, processes, and sells steel plates, steel sections, wire rods, bar materials, billets, and thin plates. they also produce and sell coking and coal chemical products, pig iron & grain slag, steel slag, and steel scrap. The products they make are used in various industries such as machinery, architecture, engineering, automobile, motorbike, shipbuilding, offshore oil, gas cylinder, boiler, as well as oil and gas pipelines. The group's revenue and profit mainly come from steel manufacturing and domestic sales.

Chongqing Iron & Steel Co Headlines

No Headlines