Yangmei Chemical Co (SHSE:600691) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Yangmei 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. Yangmei Chemical Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Yangmei Chemical Co's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.06). It may suggest that Yangmei Chemical Co is progressively becoming more dependent on debt to grow their business.

Yangmei Chemical Co LT-Debt-to-Total-Asset Historical Data

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

Yangmei Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.02

0.03

Yangmei 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															0.04	0.04	0.03	0.03	0.06

Yangmei Chemical Co LT-Debt-to-Total-Asset Calculation

Yangmei 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 )
	=	729.003	/	22520.639
	=	0.03

Yangmei 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 )
	=	1203.359	/	21163.649
	=	0.06

Yangmei Chemical Co (SHSE:600691) 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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Yangmei Chemical Co (SHSE:600691) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Yangmei Chemical Co Ltd (SHSE:600691) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 18 Science and Technology Street, Yangmei Building, Shenyang Coal Science and Technology Building, Taiyuan, CHN, 030006

Website

http://www.ymhg.com.cn

Yangmei Chemical Co Ltd operates in the chemical industry. The company's industrial layout covers four categories of agricultural chemicals, new chemicals, chemical equipment manufacturing, and chemical trade. The company's main products include: urea, methanol, ammonium bicarbonate , ammonium chloride, compound fertilizer, dimethyl ether, soda ash, melamine, concentrated nitric acid, dilute nitric acid, sodium nitrate, sodium nitrite, m-phenylenediamine, diaphragm caustic soda, ionic membrane caustic soda, polyvinyl chloride, liquid chlorine, n-butyl Chemical products such as aldehyde, isobutyraldehyde, octanol and hydrogen peroxide.

Executives

Du Dong Hai

senior management

Yangmei Chemical Co (SHSE:600691) Headlines

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