Lizhan Environmental (Lizhan Environmental) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2012)

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What is Lizhan Environmental 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. Lizhan Environmental's long-term debt to total assests ratio for the quarter that ended in Mar. 2012 was 0.00.

Lizhan Environmental's long-term debt to total assets ratio declined from Dec. 2010 (0.16) to Mar. 2012 (0.00). It may suggest that Lizhan Environmental is progressively becoming less dependent on debt to grow their business.

Lizhan Environmental LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lizhan Environmental'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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Lizhan Environmental LT-Debt-to-Total-Asset Chart

Lizhan Environmental Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

LT-Debt-to-Total-Asset

0.06

Lizhan Environmental Quarterly Data
	Sep08	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Mar12
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.16	0.16	0.10	0.06	-

Lizhan Environmental LT-Debt-to-Total-Asset Calculation

Lizhan Environmental's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2011 is calculated as

LT Debt to Total Assets (A: Sep. 2011 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2011 )	/	Total Assets (A: Sep. 2011 )
	=	3.685	/	64.554
	=	0.06

Lizhan Environmental's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2012 is calculated as

LT Debt to Total Assets (Q: Mar. 2012 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2012 )	/	Total Assets (Q: Mar. 2012 )
	=	0	/	67.361
	=	0.00

Lizhan Environmental (OTCPK:LZENF) 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.

Lizhan Environmental LT-Debt-to-Total-Asset Related Terms

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Lizhan Environmental (Lizhan Environmental) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lizhan Environmental Corp (OTCPK:LZENF) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 716, Qifu Road, Wutong Street, Tongxiang, Zhejiang Province, CHN, 314500

Website

http://gb.lzencorp.com/

Lizhan Environmental Corp manufactures, distributes and markets synthetic leather and other fabrics from recycled leather waste, among other materials. It's products used in the production of residential and office furniture, garments, automotive upholstery products, and various consumer applications. It sells domestically in China and export to distributors and manufacturers in the United States and other foreign countries.

Lizhan Environmental (Lizhan Environmental) Headlines

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