Shandong Iron & Steel Co (SHSE:600022) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Shandong 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. Shandong Iron & Steel Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Shandong Iron & Steel Co's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.06). It may suggest that Shandong Iron & Steel Co is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Shandong 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.

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

Shandong Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.09

0.04

0.09

Shandong Iron & Steel 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															0.10	0.09	0.09	0.09	0.06

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

Shandong Iron & Steel 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 )
	=	5768.497	/	66751.416
	=	0.09

Shandong Iron & Steel 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 )
	=	4242.402	/	67868.627
	=	0.06

Shandong Iron & Steel Co (SHSE:600022) 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.

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

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Shandong Iron & Steel Co (SHSE:600022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shandong Iron & Steel Co Ltd (SHSE:600022) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 21, Gongye North Road, Licheng District, Shandong Province, Jinan, CHN, 250101

Website

http://www.jigang.com.cn

Shandong Iron & Steel Co Ltd is a China-based company engaged in manufacturing and marketing steel materials. The company produces cold-formed steel, galvanized coil, composite board, hot rolled equal angle steel, hot-rolled channel steel and other products.

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