Sichuan Golden Summit Group Co (SHSE:600678) LT-Debt-to-Total-Asset : 0.38 (As of Sep. 2024)

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What is Sichuan Golden Summit Group 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. Sichuan Golden Summit Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.38.

Sichuan Golden Summit Group Co's long-term debt to total assets ratio increased from Sep. 2023 (0.21) to Sep. 2024 (0.38). It may suggest that Sichuan Golden Summit Group Co is progressively becoming more dependent on debt to grow their business.

Sichuan Golden Summit Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sichuan Golden Summit Group 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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Sichuan Golden Summit Group Co LT-Debt-to-Total-Asset Chart

Sichuan Golden Summit Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.11

0.06

0.17

Sichuan Golden Summit Group 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															0.21	0.17	0.30	0.39	0.38

Sichuan Golden Summit Group Co LT-Debt-to-Total-Asset Calculation

Sichuan Golden Summit Group 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 )
	=	157.854	/	938.092
	=	0.17

Sichuan Golden Summit Group 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 )
	=	392.678	/	1021.689
	=	0.38

Sichuan Golden Summit Group Co (SHSE:600678) 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.

Sichuan Golden Summit Group Co LT-Debt-to-Total-Asset Related Terms

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Sichuan Golden Summit Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Sichuan Golden Summit Group Co Ltd (SHSE:600678) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.55, Xinnong Group, Ledu Town, Sichuan Province, Emeishan, CHN, 614000

Website

http://www.scjd.cn

Sichuan Golden Summit Group Co Ltd primarily engages in the manufacturing and distribution of concrete, ordinary Portland cement, slag Portland cement, and moderate heat Portland cement in China.

Executives

Liang Fei	Director
Wang Ming	Director
Hu Yao Jun	senior management
Zhou Zheng	senior management
Wang Zhong	Supervisors

Sichuan Golden Summit Group Co Headlines

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