China Daye Non-Ferrous Metals Mining (HKSE:00661) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

What is China Daye Non-Ferrous Metals Mining 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 Daye Non-Ferrous Metals Mining's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.31.

China Daye Non-Ferrous Metals Mining's long-term debt to total assets ratio increased from Dec. 2022 (0.28) to Dec. 2023 (0.31). It may suggest that China Daye Non-Ferrous Metals Mining is progressively becoming more dependent on debt to grow their business.

China Daye Non-Ferrous Metals Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Daye Non-Ferrous Metals Mining'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.

China Daye Non-Ferrous Metals Mining LT-Debt-to-Total-Asset Chart

China Daye Non-Ferrous Metals Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.30

0.31

0.28

0.31

China Daye Non-Ferrous Metals Mining 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															0.31	0.29	0.28	0.31	0.31

China Daye Non-Ferrous Metals Mining LT-Debt-to-Total-Asset Calculation

China Daye Non-Ferrous Metals Mining'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 )
	=	8835.476	/	28561.799
	=	0.31

China Daye Non-Ferrous Metals Mining'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 )
	=	8835.476	/	28561.799
	=	0.31

China Daye Non-Ferrous Metals Mining (HKSE:00661) 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.

China Daye Non-Ferrous Metals Mining LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of China Daye Non-Ferrous Metals Mining's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

China Daye Non-Ferrous Metals Mining (HKSE:00661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Daye Non-Ferrous Metals Mining Ltd (HKSE:00661) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1008 Tai Nan West Street, China United Plaza, Room 1, 11th Floor, Kowloon, Hong Kong, HKG

Website

http://www.hk661.com

China Daye Non-Ferrous Metals Mining Ltd is engaged in the mining and processing of mineral ores and trading of metal products in the PRC. The company's mining product portfolio consists of Copper cathodes, Other copper products, Gold and other gold products, Silver and other silver products, Iron ores, Sulphuric acid and sulphuric concentrate, and others, of which key revenue is generated from the sale of copper cathodes. The group has a business presence in the PRC, Hong Kong and The Republic of Mongolia. It derives a majority of the revenue from the PRC.

China Daye Non-Ferrous Metals Mining (HKSE:00661) Headlines

No Headlines