Zhejiang Huangma Technology Co (SHSE:603181) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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

Zhejiang Huangma Technology Co's long-term debt to total assets ratio declined from Sep. 2023 (0.08) to Sep. 2024 (0.05). It may suggest that Zhejiang Huangma Technology Co is progressively becoming less dependent on debt to grow their business.

Zhejiang Huangma Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Huangma Technology 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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Zhejiang Huangma Technology Co LT-Debt-to-Total-Asset Chart

Zhejiang Huangma Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.11

0.09

0.06

Zhejiang Huangma Technology 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															0.08	0.06	0.05	0.05	0.05

Zhejiang Huangma Technology Co LT-Debt-to-Total-Asset Calculation

Zhejiang Huangma Technology 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 )
	=	193.321	/	3417.813
	=	0.06

Zhejiang Huangma Technology 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 )
	=	194.43	/	3700.979
	=	0.05

Zhejiang Huangma Technology Co (SHSE:603181) 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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Zhejiang Huangma Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Huangma Technology Co Ltd (SHSE:603181) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Zhangzhen Industrial New District, Shangyu District, Zhejiang Province, Shaoxing, CHN, 312363

Website

http://www.huangma.com

Zhejiang Huangma Technology Co Ltd is focused on the development, production and sales of speciality surfactants. Its product offering includes more than 1,200 products in the chemical fibre Oil olate, printing and textile auxiliaries plate, lubricant and metalworking fluids plate, water reducing agent plate, coating plate, silicones surfactant plate, pesticide auxiliary plate, water treatment plate, personal care plate and other surfactant plates. The products are widely applied to silicone, lubricants and metal processing, environmentally friendly coatings, composite new materials, special fibres, agrochemical additives and other downstream areas.

Executives

Wang Xin Rong	Directors, senior managers
Ma Xia Kun	Directors, senior managers

Zhejiang Huangma Technology Co Headlines

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