Sichuan Hongda Co (SHSE:600331) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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What is Sichuan Hongda 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. Sichuan Hongda Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

Sichuan Hongda Co's long-term debt to total assets ratio increased from Dec. 2023 (0.00) to Dec. 2024 (0.02). It may suggest that Sichuan Hongda Co is progressively becoming more dependent on debt to grow their business.

Sichuan Hongda Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sichuan Hongda 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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Sichuan Hongda Co LT-Debt-to-Total-Asset Chart

Sichuan Hongda Co Annual Data

Trend

Dec15

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Dec24

LT-Debt-to-Total-Asset

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0.02

Sichuan Hongda Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	0.02

Sichuan Hongda Co LT-Debt-to-Total-Asset Calculation

Sichuan Hongda Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	40.9	/	2276.237
	=	0.02

Sichuan Hongda Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	40.9	/	2276.237
	=	0.02

Sichuan Hongda Co (SHSE:600331) 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.

Sichuan Hongda Co LT-Debt-to-Total-Asset Related Terms

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Sichuan Hongda Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sichuan Hongda Co Ltd (SHSE:600331) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Cishan Village, Shigu Town, Sichuan Province, Shifang, CHN, 610041

Website

http://www.sichuanhongda.com

Sichuan Hongda Co Ltd is a resource-based enterprise which manufactures and distributes chemicals. It also engages in metallurgy and mining. The company's main business consists of non-ferrous metal smelting and phosphorus chemical.

Executives

Wang Hao	Director
Luo Yan Hui	Director
Zhou You Lu	Director
He Zhi Yao	Director
He Le Qiong	senior management
Yang Qian	Director
Huang Jian Jun	senior management
Chen Wei Gui	senior management

Sichuan Hongda Co Headlines

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