Hunan Haili Chemical Industry Co (SHSE:600731) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Hunan Haili Chemical Industry 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. Hunan Haili Chemical Industry Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Hunan Haili Chemical Industry Co's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Mar. 2024 (0.11). It may suggest that Hunan Haili Chemical Industry Co is progressively becoming less dependent on debt to grow their business.

Hunan Haili Chemical Industry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hunan Haili Chemical Industry 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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Hunan Haili Chemical Industry Co LT-Debt-to-Total-Asset Chart

Hunan Haili Chemical Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.10

0.08

0.14

0.10

Hunan Haili Chemical Industry 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															0.12	0.13	0.13	0.10	0.11

Hunan Haili Chemical Industry Co LT-Debt-to-Total-Asset Calculation

Hunan Haili Chemical Industry 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 )
	=	446.5	/	4402.337
	=	0.10

Hunan Haili Chemical Industry 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 )
	=	445.5	/	4217.93
	=	0.11

Hunan Haili Chemical Industry Co (SHSE:600731) 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.

Hunan Haili Chemical Industry Co LT-Debt-to-Total-Asset Related Terms

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Hunan Haili Chemical Industry Co (SHSE:600731) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Hunan Haili Chemical Industry Co Ltd (SHSE:600731) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 251, Section 2, Furong Middle Road, Hunan, Changsha, CHN, 410007

Website

http://www.hnhlc.com

Hunan Haili Chemical Industry Co Ltd is involved in the research and development and production of pesticides. It is primarily involved in the research, development, manufacture and trade of pesticides and fine chemicals, transportation of dangerous chemicals and engineering of chemical plants.

Executives

Jiang Zhuo Liang	Director
Zhang Fu Shan	Supervisors
He Xiang Ying	Supervisors
Wang Xiao Guang	Director

Hunan Haili Chemical Industry Co (SHSE:600731) Headlines

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