China National Gold Group Gold Jewellery Co (SHSE:600916) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is China National Gold Group Gold Jewellery 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. China National Gold Group Gold Jewellery Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

China National Gold Group Gold Jewellery Co's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.01). It may suggest that China National Gold Group Gold Jewellery Co is progressively becoming less dependent on debt to grow their business.

China National Gold Group Gold Jewellery Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China National Gold Group Gold Jewellery 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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China National Gold Group Gold Jewellery Co LT-Debt-to-Total-Asset Chart

China National Gold Group Gold Jewellery Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

China National Gold Group Gold Jewellery Co Quarterly Data
	Dec18	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															0.02	0.02	0.02	0.01	0.01

China National Gold Group Gold Jewellery Co LT-Debt-to-Total-Asset Calculation

China National Gold Group Gold Jewellery 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 )
	=	176.486	/	13110.281
	=	0.01

China National Gold Group Gold Jewellery 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 )
	=	179.007	/	13528.793
	=	0.01

China National Gold Group Gold Jewellery Co (SHSE:600916) 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.

China National Gold Group Gold Jewellery Co LT-Debt-to-Total-Asset Related Terms

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China National Gold Group Gold Jewellery Co (SHSE:600916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China National Gold Group Gold Jewellery Co Ltd (SHSE:600916) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 2, Jingyuan North Street, Room 305, Building 49, Economic and Technological Development Zone, Beijing, CHN, 100176

Website

https://www.chnau99999.com

China National Gold Group Gold & Jewelery Co Ltd is a professional gold jewelry production and sales enterprise specializing in the operation of the China Gold brand.

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