Tangshannyou Chemical Industries Co (SHSE:600409) LT-Debt-to-Total-Asset : 0.16 (As of Jun. 2024)

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What is Tangshannyou Chemical Industries 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. Tangshannyou Chemical Industries Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.16.

Tangshannyou Chemical Industries Co's long-term debt to total assets ratio increased from Jun. 2023 (0.14) to Jun. 2024 (0.16). It may suggest that Tangshannyou Chemical Industries Co is progressively becoming more dependent on debt to grow their business.

Tangshannyou Chemical Industries Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tangshannyou Chemical Industries 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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Tangshannyou Chemical Industries Co LT-Debt-to-Total-Asset Chart

Tangshannyou Chemical Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.14

0.16

0.18

0.14

Tangshannyou Chemical Industries Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.12	0.14	0.17	0.16

Tangshannyou Chemical Industries Co LT-Debt-to-Total-Asset Calculation

Tangshannyou Chemical Industries 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 )
	=	3545.502	/	25592.607
	=	0.14

Tangshannyou Chemical Industries Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	4204.96	/	26033.314
	=	0.16

Tangshannyou Chemical Industries Co (SHSE:600409) 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.

Tangshannyou Chemical Industries Co LT-Debt-to-Total-Asset Related Terms

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Tangshannyou Chemical Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tangshan Sanyou Chemical Industries Co Ltd (SHSE:600409) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nanbao Development Zone, Tangshan, Hebei, CHN, 063305

Website

http://www.sanyou-chem.com.cn

Tangshan Sanyou Chemical Industries Co Ltd is principally engaged in the production and sale of chemical products. Sanyou's technical process includes squeezing and pressing method, solid phase, and liquid phase. The company offers dense and light soda ash, hydration dense and extrusion dense soda ash, normal, low salt, super-low salt, and special low soda ash, industrial soda ash, food additive soda ash, viscose fiber, PVC and caustic soda products. In addition, the company offers salt products comprising industry salt, refined powder salt, industrial washing brine and magnesium chloride.

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