Zhuzhou Times New Materials Technology Co (SHSE:600458) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Zhuzhou Times New Materials Technology 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. Zhuzhou Times New Materials Technology Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Zhuzhou Times New Materials Technology Co's long-term debt to total assets ratio declined from Dec. 2022 (0.07) to Dec. 2023 (0.06). It may suggest that Zhuzhou Times New Materials Technology Co is progressively becoming less dependent on debt to grow their business.

Zhuzhou Times New Materials Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhuzhou Times New Materials Technology 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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Zhuzhou Times New Materials Technology Co LT-Debt-to-Total-Asset Chart

Zhuzhou Times New Materials Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.03

0.07

0.06

Zhuzhou Times New Materials Technology Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.07	0.07	0.06	0.06

Zhuzhou Times New Materials Technology Co LT-Debt-to-Total-Asset Calculation

Zhuzhou Times New Materials Technology 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 )
	=	1093.051	/	18230.009
	=	0.06

Zhuzhou Times New Materials Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1093.051	/	18230.009
	=	0.06

Zhuzhou Times New Materials Technology Co (SHSE:600458) 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.

Zhuzhou Times New Materials Technology Co LT-Debt-to-Total-Asset Related Terms

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Zhuzhou Times New Materials Technology Co (SHSE:600458) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhuzhou Times New Materials Technology Co Ltd (SHSE:600458) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 18 Haitian Road, Tianyuan District, Zhuzhou, Hunan, CHN, 412007

Website

http://www.trp.com.cn

Zhuzhou Times New Materials Technology Co Ltd is a China-based company mainly engaged in the research and development and engineering application of polymer materials such as vibration reduction, noise reduction, and lightweight. Its products are extended to rubber, plastics, composite materials and functional materials, mainly for rail transportation, automobiles, new energy and Special equipment and other fields.

Zhuzhou Times New Materials Technology Co (SHSE:600458) Headlines

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