Guizhou Chitianhua Co (SHSE:600227) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

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What is Guizhou Chitianhua 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. Guizhou Chitianhua Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.10.

Guizhou Chitianhua Co's long-term debt to total assets ratio declined from Sep. 2023 (0.11) to Sep. 2024 (0.10). It may suggest that Guizhou Chitianhua Co is progressively becoming less dependent on debt to grow their business.

Guizhou Chitianhua Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guizhou Chitianhua 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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Guizhou Chitianhua Co LT-Debt-to-Total-Asset Chart

Guizhou Chitianhua Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.09

0.10

Guizhou Chitianhua Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.10	0.11	0.10	0.10

Guizhou Chitianhua Co LT-Debt-to-Total-Asset Calculation

Guizhou Chitianhua 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 )
	=	494.59	/	4736.517
	=	0.10

Guizhou Chitianhua Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	503.943	/	4946.316
	=	0.10

Guizhou Chitianhua Co (SHSE:600227) 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.

Guizhou Chitianhua Co LT-Debt-to-Total-Asset Related Terms

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Guizhou Chitianhua Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Guizhou Chitianhua Co Ltd (SHSE:600227) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 310 Xintian Avenue, Wudang District, Guizhou Province, Guiyang, CHN, 564707

Website

http://www.chth.com.cn

Guizhou Chitianhua Co Ltd, formerly Guizhou Salvage Pharmaceutical Co Ltd primarily produces and sells urea in China. It offers nitrogenous fertilizer, phosphate fertilizer, compound fertilizer, synthetic ammonia, sulfur, and other chemical products and raw materials; fine chemical products; industrial hydrogen; and packing bags and plastic sheets.

Executives

Wu Hong Yan	Directors, senior managers
Lin Yang	senior management
Chen Hong Lin	senior management
Ye Yong	senior management
Xian Zheng Hong	senior management
Gao Min Hong	Directors, senior managers
Che Bi Lu	senior management
Sun De Sheng	Director

Guizhou Chitianhua Co Headlines

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