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Nantong Jiangshan Agrochemical & chemicals Co (SHSE:600389) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)


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What is Nantong Jiangshan Agrochemical & chemicals 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. Nantong Jiangshan Agrochemical & chemicals Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Nantong Jiangshan Agrochemical & chemicals Co's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.04). It may suggest that Nantong Jiangshan Agrochemical & chemicals Co is progressively becoming less dependent on debt to grow their business.

Nantong Jiangshan Agrochemical & chemicals Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nantong Jiangshan Agrochemical & chemicals 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.

Nantong Jiangshan Agrochemical & chemicals Co LT-Debt-to-Total-Asset Chart

Nantong Jiangshan Agrochemical & chemicals 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 Premium Member Only Premium Member Only 0.03 0.02 0.05 0.09 0.03

Nantong Jiangshan Agrochemical & chemicals Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.12 0.11 0.03 0.04

Nantong Jiangshan Agrochemical & chemicals Co LT-Debt-to-Total-Asset Calculation

Nantong Jiangshan Agrochemical & chemicals 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 )
=204.452/6675.369
=0.03

Nantong Jiangshan Agrochemical & chemicals Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )/Total Assets (Q: Mar. 2024 )
=254.24/6622.932
=0.04

* 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.

Nantong Jiangshan Agrochemical & chemicals Co  (SHSE:600389) 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.

Nantong Jiangshan Agrochemical & chemicals Co LT-Debt-to-Total-Asset Related Terms

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Nantong Jiangshan Agrochemical & chemicals Co (SHSE:600389) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Nantong Jiangshan Agrochemical & chemicals Co Ltd (SHSE:600389) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
No. 35 Yaogang Road, Nantong, Jiangsu, CHN, 226006
Website
http://www.jsac.com.cn
Nantong Jiangshan Agrochemical & chemicals Co Ltd is a China-based company engages in manufacturing, processing, and selling of pesticides, resin, organic, and inorganic chemical. The company's products include pesticides, chlor-alkali, fine chemicals, and thermoelectrics. The main pesticide varieties are glyphosate, dichlorvos, trichlorfon, amide herbicides, prochloraz, chlorothiazide, nitenpyram, chlorpyrifos and other original drugs.
Executives
Liu Wei Dong Director
Xue Jian Director
Du Hui senior management
Pang Zhang Guo senior management
Wang Xu senior management
Meng Zhang Chun Directors, senior managers
Song Jin Hua senior management
Wang Li Directors, senior managers
Shi Jin senior management
Fan Wen Xin Supervisors
Ye Hong Lin senior management
Mao Yun Long Supervisors
Fu Hong Wei senior management
Wang Ming Hua Supervisors
Cai Jian Guo Director

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