Xinjiang Ba Yi Iron & Steel Co (SHSE:600581) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)

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What is Xinjiang Ba Yi Iron & Steel 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. Xinjiang Ba Yi Iron & Steel Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.09.

Xinjiang Ba Yi Iron & Steel Co's long-term debt to total assets ratio declined from Sep. 2023 (0.10) to Sep. 2024 (0.09). It may suggest that Xinjiang Ba Yi Iron & Steel Co is progressively becoming less dependent on debt to grow their business.

Xinjiang Ba Yi Iron & Steel Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xinjiang Ba Yi Iron & Steel 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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Xinjiang Ba Yi Iron & Steel Co LT-Debt-to-Total-Asset Chart

Xinjiang Ba Yi Iron & Steel 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

0.08

0.10

0.11

Xinjiang Ba Yi Iron & Steel Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.11	0.09	0.09	0.09

Xinjiang Ba Yi Iron & Steel Co LT-Debt-to-Total-Asset Calculation

Xinjiang Ba Yi Iron & Steel 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 )
	=	3068.402	/	29254.745
	=	0.10

Xinjiang Ba Yi Iron & Steel Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	2767.539	/	30518.544
	=	0.09

Xinjiang Ba Yi Iron & Steel Co (SHSE:600581) 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.

Xinjiang Ba Yi Iron & Steel Co LT-Debt-to-Total-Asset Related Terms

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Xinjiang Ba Yi Iron & Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Xinjiang Ba Yi Iron & Steel Co Ltd (SHSE:600581) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Xingang Road, Toutunhe District, Urumqi, Xinjiang, CHN, 830022

Website

http://www.bygt.com.cn

Xinjiang Ba Yi Iron & Steel Co Ltd is a Chinese company operating in the ferrous metal smelting and rolling processing industry. It comprises a set of production processes ranging from mining, mineral separation, sintering and coking to ironmaking, steelmaking, and steel rolling. The company's product folio includes Carbon steel products such as bars, heavy plate, HR steel sheet, wire rod, pipe tubes, Stainless steel products, Special steel products like die steel products, bearing steel, transportation steel, alloys for aviation and aerospace, and other products.

Executives

Ke Shan Liang	Director
Fan Guo Kang	senior management
Wu Bin	Director
Zhang Zhi Gang	Director

Xinjiang Ba Yi Iron & Steel Co Headlines

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