Anhui Zhongyuan New Materials Co (SHSE:603527) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Anhui Zhongyuan New Materials 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. Anhui Zhongyuan New Materials Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Anhui Zhongyuan New Materials Co's long-term debt to total assets ratio declined from Mar. 2023 (0.07) to Mar. 2024 (0.05). It may suggest that Anhui Zhongyuan New Materials Co is progressively becoming less dependent on debt to grow their business.

Anhui Zhongyuan New Materials Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Anhui Zhongyuan New Materials 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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Anhui Zhongyuan New Materials Co LT-Debt-to-Total-Asset Chart

Anhui Zhongyuan New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.04

Anhui Zhongyuan New Materials Co Quarterly Data
	Jun19	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															0.07	0.12	0.05	0.04	0.05

Anhui Zhongyuan New Materials Co LT-Debt-to-Total-Asset Calculation

Anhui Zhongyuan New Materials 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 )
	=	132.377	/	3060.308
	=	0.04

Anhui Zhongyuan New Materials 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 )
	=	142.153	/	3118.586
	=	0.05

Anhui Zhongyuan New Materials Co (SHSE:603527) 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.

Anhui Zhongyuan New Materials Co LT-Debt-to-Total-Asset Related Terms

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Anhui Zhongyuan New Materials Co (SHSE:603527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Anhui Zhongyuan New Materials Co Ltd (SHSE:603527) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fengming Lake Road 48, Economic and Technological Development Zone, Wuhu, CHN

Website

http://www.zyxcl.cn

Anhui Zhongyuan New Materials Co Ltd is mainly engaged in research and development, production, sales and service of high precision purple copper belt in China. Its products include raw materials such as transformer copper belts, power cable copper belts, electronic appliance copper belts, heat exchanger copper belts, and coinage copper belts.

Executives

Jie Guang Sheng	Director
Tao Jun Bing	Directors, senior managers
Huang Huai Feng	Supervisors
Tao Chang Mei	Director
Wu Ping	Director
Li Ming Jun	Director
Feng Quan Hu	Director
Wang Cheng	Director
He Xiao Hai	Director
Xi Hai Bo	Director
Ruan Ji You	Director

Anhui Zhongyuan New Materials Co (SHSE:603527) Headlines

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