Nuode New Materials Co (SHSE:600110) LT-Debt-to-Total-Asset : 0.18 (As of Jun. 2024)

View and export this data going back to 1997. Start your Free Trial

What is Nuode New Materials 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. Nuode New Materials Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.18.

Nuode New Materials Co's long-term debt to total assets ratio increased from Jun. 2023 (0.13) to Jun. 2024 (0.18). It may suggest that Nuode New Materials Co is progressively becoming more dependent on debt to grow their business.

Nuode New Materials Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nuode New Materials 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.

Nuode New Materials Co LT-Debt-to-Total-Asset Chart

Nuode New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.09

0.06

0.10

0.11

0.16

Nuode New Materials Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.16	0.16	0.17	0.18

Nuode New Materials Co LT-Debt-to-Total-Asset Calculation

Nuode New Materials 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 )
	=	2368.485	/	15238.873
	=	0.16

Nuode New Materials Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	2756.803	/	15584.771
	=	0.18

Nuode New Materials Co (SHSE:600110) 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.

Nuode New Materials Co LT-Debt-to-Total-Asset Related Terms

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

Nuode New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nuode New Materials Co Ltd (SHSE:600110) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 8 Shazui Road, 16th Floor, Block A, LVGEM Hongshuwan No. 1, Futian District, Shenzhen, CHN, 518000

Website

http://www.ndgf.net

Nuode New Materials Co Ltd through its subsidiaries mainly engaged in the research and development, production and sales of electrolytic copper foil.

Executives

Chen Si Cheng	senior management
Li Xiao Hong	Supervisors

Nuode New Materials Co Headlines

No Headlines