Shanghai Chlor-alkali Chemical Co (SHSE:600618) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

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What is Shanghai Chlor-alkali Chemical 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. Shanghai Chlor-alkali Chemical Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Shanghai Chlor-alkali Chemical Co's long-term debt to total assets ratio declined from Mar. 2023 (0.11) to Mar. 2024 (0.10). It may suggest that Shanghai Chlor-alkali Chemical Co is progressively becoming less dependent on debt to grow their business.

Shanghai Chlor-alkali Chemical Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Chlor-alkali Chemical 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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Shanghai Chlor-alkali Chemical Co LT-Debt-to-Total-Asset Chart

Shanghai Chlor-alkali Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.10

Shanghai Chlor-alkali Chemical 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															0.11	0.11	0.11	0.10	0.10

Shanghai Chlor-alkali Chemical Co LT-Debt-to-Total-Asset Calculation

Shanghai Chlor-alkali Chemical 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 )
	=	1203.451	/	12260.701
	=	0.10

Shanghai Chlor-alkali Chemical 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 )
	=	1202.977	/	12379.017
	=	0.10

Shanghai Chlor-alkali Chemical Co (SHSE:600618) 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.

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Shanghai Chlor-alkali Chemical Co (SHSE:600618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Chlor-alkali Chemical Co Ltd (SHSE:600618) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

900908:China

Address

4747 Longwu Road, Shanghai, CHN, 00241

Website

http://www.scacc.com

Shanghai Chlor-alkali Chemical Co Ltd produces chemical products. The company's product portfolio includes sodium hydroxide, chlorine, chlorine products, polyvinyl chloride plastics resin and the products. It is focused on export markets in the Middle East, South America, and Africa for its sales performance. Its majority of revenues are from the production and sale of Chlorine products.

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