Zhejiang Longsheng Group Co (SHSE:600352) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2024)

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What is Zhejiang Longsheng Group 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. Zhejiang Longsheng Group Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.05.

Zhejiang Longsheng Group Co's long-term debt to total assets ratio declined from Dec. 2023 (0.11) to Dec. 2024 (0.05). It may suggest that Zhejiang Longsheng Group Co is progressively becoming less dependent on debt to grow their business.

Zhejiang Longsheng Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Longsheng Group 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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Zhejiang Longsheng Group Co LT-Debt-to-Total-Asset Chart

Zhejiang Longsheng Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.13

0.08

0.11

0.05

Zhejiang Longsheng Group 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															0.11	0.17	0.16	0.13	0.05

Zhejiang Longsheng Group Co LT-Debt-to-Total-Asset Calculation

Zhejiang Longsheng Group 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 )
	=	3462.138	/	72012.337
	=	0.05

Zhejiang Longsheng Group 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 )
	=	3462.138	/	72012.337
	=	0.05

Zhejiang Longsheng Group Co (SHSE:600352) 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.

Zhejiang Longsheng Group Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Longsheng Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Longsheng Group Co Ltd (SHSE:600352) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Longsheng Avenue, Daoxu Street, Shangyu District, Zhejiang Province, Shaoxing, CHN, 312368

Website

http://www.longsheng.com

Zhejiang Longsheng Group Co Ltd is a China-based company principally engaged in the production and sale of dyes and automobile spare parts. It is also involved in the real estate business. The company operates in the business segments of Chemicals, Real Estate, Autoparts, Financial Investment and Others. In the Chemical segment, the product range covers textile chemicals, construction chemicals, fine chemical intermediates, inorganic chemicals and others. In Autoparts segment, the Company focuses on development, production, and sales of auto parts, sales of steel and logistics.

Executives

Ruan Wei Xiang	Director
Gong Han	Director
Lu Bang Yi	Directors, senior managers
Yao Jian Fang	Director
He Xu Bin	senior management
Zhou Zheng Nan	Director
Ruan Xing Xiang	Director
Luo Bin	Director
Ruan Xiao Yun	Supervisors
Xiang Zhi Feng	Director
Wang Yong	Supervisors
Xiang Zhi Feng	Director
Ou Qi	senior management
Chang Sheng	Director
Chen Yong Yao	senior management

Zhejiang Longsheng Group Co Headlines

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