Jiangsufety Group Co (SHSE:603028) LT-Debt-to-Total-Asset : 0.16 (As of Sep. 2024)

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What is Jiangsufety Group 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. Jiangsufety Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.16.

Jiangsufety Group Co's long-term debt to total assets ratio increased from Sep. 2023 (0.02) to Sep. 2024 (0.16). It may suggest that Jiangsufety Group Co is progressively becoming more dependent on debt to grow their business.

Jiangsufety Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsufety Group 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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Jiangsufety Group Co LT-Debt-to-Total-Asset Chart

Jiangsufety Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.03

0.02

Jiangsufety Group 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															0.02	0.02	0.14	0.13	0.16

Jiangsufety Group Co LT-Debt-to-Total-Asset Calculation

Jiangsufety Group 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 )
	=	50.905	/	2351.564
	=	0.02

Jiangsufety Group 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 )
	=	413.689	/	2573.193
	=	0.16

Jiangsufety Group Co (SHSE:603028) 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.

Jiangsufety Group Co LT-Debt-to-Total-Asset Related Terms

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Jiangsufety Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Safety Group Co Ltd (SHSE:603028) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 151, Furong Zhongsan Road, XiShan Economic Development Zone, Jiangsu, Wuxi, CHN, 214192

Website

http://www.jf-safety.com

Jiangsu Safety Group Co Ltd develops and manufactures elevator ropes for customers with different requirements and needs. Its products include wire rope for elevators, lifting Wire rope, steel wire rope, synthetic fiber sling belt rigging, and accessories. Its products are used in elevators, construction machinery, Hong Kong Port terminal, coal mine, marine engineering, shipbuilding, ocean fishing, logistics, and warehousing.

Executives

Shen Sheng Quan	Director
Cui Zi Feng	Director
Zhao Zu Yin	senior management
Deng Wei	Director
Lin Zhu Ying	Director
Yang Yue Min	Director
Liu Hong Gang	Director
Bai Shu Qing	Director
Hu Wen Lin	Director
Wu Hai Feng	Director
Cui Zhi Qiang	Director

Jiangsufety Group Co Headlines

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