China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is China Northern Rare Earth (Group) High-Tech 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. China Northern Rare Earth (Group) High-Tech Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

China Northern Rare Earth (Group) High-Tech Co's long-term debt to total assets ratio increased from Dec. 2022 (0.05) to Dec. 2023 (0.08). It may suggest that China Northern Rare Earth (Group) High-Tech Co is progressively becoming more dependent on debt to grow their business.

China Northern Rare Earth (Group) High-Tech Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Northern Rare Earth (Group) High-Tech 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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China Northern Rare Earth (Group) High-Tech Co LT-Debt-to-Total-Asset Chart

China Northern Rare Earth (Group) High-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.27

0.14

0.05

0.08

China Northern Rare Earth (Group) High-Tech Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.07	0.10	0.12	0.08

China Northern Rare Earth (Group) High-Tech Co LT-Debt-to-Total-Asset Calculation

China Northern Rare Earth (Group) High-Tech 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 )
	=	3297.592	/	40496.655
	=	0.08

China Northern Rare Earth (Group) High-Tech Co'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 )
	=	3297.592	/	40496.655
	=	0.08

China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) 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 Northern Rare Earth (Group) High-Tech Co LT-Debt-to-Total-Asset Related Terms

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China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Northern Rare Earth (Group) High-Tech Co Ltd (SHSE:600111) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 83 Huanghe Street, Baotou Rare Earth Hi-tech Industrial Development Zone, Inner Mongolia Autonomous Region, Baotou, CHN, 014030

Website

http://www.reht.com

China Northern Rare Earth (Group) High-Tech Co Ltd is a China-based company operating in a non-ferrous metal smelting and rolling processing industry. It refines and sells rare earth minerals and resources.

China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Headlines

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