Shandong Yulong Gold Co (SHSE:601028) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Shandong Yulong Gold 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. Shandong Yulong Gold Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Shandong Yulong Gold Co's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.05). It may suggest that Shandong Yulong Gold Co is progressively becoming less dependent on debt to grow their business.

Shandong Yulong Gold Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shandong Yulong Gold 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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Shandong Yulong Gold Co LT-Debt-to-Total-Asset Chart

Shandong Yulong Gold Co Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.07

Shandong Yulong Gold 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															0.07	0.07	0.06	0.05	0.05

Shandong Yulong Gold Co LT-Debt-to-Total-Asset Calculation

Shandong Yulong Gold 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 )
	=	646.226	/	9925.9
	=	0.07

Shandong Yulong Gold 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 )
	=	461.07	/	9846.171
	=	0.05

Shandong Yulong Gold Co (SHSE:601028) 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.

Shandong Yulong Gold Co LT-Debt-to-Total-Asset Related Terms

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Shandong Yulong Gold Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shandong Yulong Gold Co Ltd (SHSE:601028) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.15 Yulong road, Yuqi Town, Wuxi, CHN, 214183

Website

http://www.yulongsteelpipe.com

Shandong Yulong Gold Co Ltd, formerly Jiangsu Yulong Steel Pipe Co Ltd is a China-based company primarily engaged in the business of steel pipes. The company's products include SAWH steel pipes, high-frequency longitudinal resistance welded pipes, rectangular steel pipes, 3PP/3PE/FBE anticorrosive pipes, corrosion steel pipes, and alloy-steel pipes. The products are widely used in the area of petroleum, petrochemical, natural gas, shale gas, pulp, water transportation and large steel structure. Geographically, the activities are carried out through China, however, its holds presence in both Chinese and international market.

Executives

Lu Fen Qi	Directors, senior managers
Liang Hai Tao	senior management
Liu Feng Yu	senior management
Wang Zhen Dong	senior management
Gao Feng	senior management
Meng Lu Sheng	Supervisors
Yan Bing Chao	senior management
Zhang Peng	Director
Niu Lei	Director
Li Zhen Chuan	Director
Wang Jian Ping	Director
Lv Yan Qing	senior management
Tang Ke Jun	Director
Tang Yong Qing	Director
Yao Guang Li	senior management

Shandong Yulong Gold Co Headlines

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