Liuzhou Iron & Steel Co (SHSE:601003) LT-Debt-to-Total-Asset : 0.31 (As of Sep. 2024)

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What is Liuzhou Iron & Steel 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. Liuzhou Iron & Steel Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.31.

Liuzhou Iron & Steel Co's long-term debt to total assets ratio increased from Sep. 2023 (0.29) to Sep. 2024 (0.31). It may suggest that Liuzhou Iron & Steel Co is progressively becoming more dependent on debt to grow their business.

Liuzhou Iron & Steel Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Liuzhou Iron & Steel 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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Liuzhou Iron & Steel Co LT-Debt-to-Total-Asset Chart

Liuzhou Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.27

0.23

0.30

0.31

Liuzhou Iron & Steel 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															0.29	0.31	0.31	0.29	0.31

Liuzhou Iron & Steel Co LT-Debt-to-Total-Asset Calculation

Liuzhou Iron & Steel 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 )
	=	21194.794	/	68575.026
	=	0.31

Liuzhou Iron & Steel 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 )
	=	19978.995	/	64155.927
	=	0.31

Liuzhou Iron & Steel Co (SHSE:601003) 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.

Liuzhou Iron & Steel Co LT-Debt-to-Total-Asset Related Terms

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Liuzhou Iron & Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Liuzhou Iron & Steel Co Ltd (SHSE:601003) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 117 Beique Road, Liuzhou, Guangxi, CHN, 545002

Website

http://www.liusteel.com

Liuzhou Iron & Steel Co Ltd is a China-based steel company. It is engaged in the manufacturing of iron and steel. The company specializes in producing value-added plate, rebar, wire, channel steel, round steel, angle steel, ship plate, boilerplate and die steel. The company also exports its products to Asia, Japan, South Korea and Europe.

Executives

Xiong Xiao Ming	Directors, senior managers
Wang Wen Hui	Director
Ruan Zhi Yong	Supervisors
Luo Hai Yan	Director

Liuzhou Iron & Steel Co Headlines

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