Jiangsu Zongyi Co (SHSE:600770) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Jiangsu Zongyi 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. Jiangsu Zongyi Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Jiangsu Zongyi Co's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.03). It may suggest that Jiangsu Zongyi Co is progressively becoming less dependent on debt to grow their business.

Jiangsu Zongyi Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Zongyi 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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Jiangsu Zongyi Co LT-Debt-to-Total-Asset Chart

Jiangsu Zongyi Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.03

Jiangsu Zongyi 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															0.03	0.03	0.03	0.03	0.03

Jiangsu Zongyi Co LT-Debt-to-Total-Asset Calculation

Jiangsu Zongyi 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 )
	=	143.196	/	5281.655
	=	0.03

Jiangsu Zongyi 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 )
	=	138.692	/	5156.234
	=	0.03

Jiangsu Zongyi Co (SHSE:600770) 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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Jiangsu Zongyi Co (SHSE:600770) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Jiangsu Zongyi Co Ltd (SHSE:600770) » Definitions » LT-Debt-to-Total-Asset

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Address

Zongyi Digital City, Gold Village, Xingdong Town, Tongzhou District, Jiangsu Province, Tongzhou, CHN, 226376

Website

http://www.600770.com

Jiangsu Zongyi Co Ltd is a China-based supplier of solar photovoltaic (PV) system integration and the operator of PV power plant construction. The company has built and operated photovoltaic power plants in different countries such as the United States, Germany, Italy, Czech Republic, Bulgaria, and others.

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