Ganfeng Lithium Group Co (Ganfeng Lithium Group Co) LT-Debt-to-Total-Asset : 0.17 (As of Mar. 2024)

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What is Ganfeng Lithium Group 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. Ganfeng Lithium Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.17.

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

Ganfeng Lithium Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ganfeng Lithium Group 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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Ganfeng Lithium Group Co LT-Debt-to-Total-Asset Chart

Ganfeng Lithium Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.17

0.09

0.12

0.17

Ganfeng Lithium Group 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	0.16	0.17	0.17	0.17

Ganfeng Lithium Group Co LT-Debt-to-Total-Asset Calculation

Ganfeng Lithium Group 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 )
	=	2188.857	/	12842.484
	=	0.17

Ganfeng Lithium Group 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 )
	=	2311.958	/	13269.932
	=	0.17

Ganfeng Lithium Group Co (OTCPK:GNENF) 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.

Ganfeng Lithium Group Co LT-Debt-to-Total-Asset Related Terms

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Ganfeng Lithium Group Co (Ganfeng Lithium Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ganfeng Lithium Group Co Ltd (OTCPK:GNENF) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

GNENY:USA 01772:Hong Kong 39EA:Germany 002460:China

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG

Website

http://www.ganfenglithium.com

Founded in 2000, Ganfeng is the world's third largest and China's largest lithium compounds producer and the world's largest lithium metals producer in terms of production capacity. The company offers five major categories of more than 40 lithium compounds and metals products, which is one of the most comprehensive product offerings among the suppliers globally. Starting as a midstream manufacturer of lithium compounds and lithium metals, Ganfeng has successfully expanded into a vertically integrated business model with operations along the critical stages of the industry value chain, including upstream lithium extraction, midstream lithium compounds and metals processing, and downstream lithium battery production and recycling.

Ganfeng Lithium Group Co (Ganfeng Lithium Group Co) Headlines

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