Jiangsu Dingsheng New Material JSC (SHSE:603876) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Jiangsu Dingsheng New Material JSC 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. Jiangsu Dingsheng New Material JSC's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Jiangsu Dingsheng New Material JSC's long-term debt to total assets ratio declined from Sep. 2023 (0.09) to Sep. 2024 (0.05). It may suggest that Jiangsu Dingsheng New Material JSC is progressively becoming less dependent on debt to grow their business.

Jiangsu Dingsheng New Material JSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Dingsheng New Material JSC'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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Jiangsu Dingsheng New Material JSC LT-Debt-to-Total-Asset Chart

Jiangsu Dingsheng New Material JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.20

0.08

0.09

0.07

Jiangsu Dingsheng New Material JSC 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															0.09	0.07	0.11	0.08	0.05

Jiangsu Dingsheng New Material JSC LT-Debt-to-Total-Asset Calculation

Jiangsu Dingsheng New Material JSC'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 )
	=	1454.157	/	20239.346
	=	0.07

Jiangsu Dingsheng New Material JSC'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 )
	=	1239.977	/	25355.841
	=	0.05

Jiangsu Dingsheng New Material JSC (SHSE:603876) 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.

Jiangsu Dingsheng New Material JSC LT-Debt-to-Total-Asset Related Terms

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Jiangsu Dingsheng New Material JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jiangsu Dingsheng New Material JSC Ltd (SHSE:603876) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Jingkou Industrial Park, Highway 338 / Beijing Hangzhou the Grande Canale West, Jiangsu Province, Zhenjiang, CHN, 212141

Website

http://www.dingshengxincai.com

Jiangsu Dingsheng New Material JSC Ltd is engaged in the manufacturing of aluminum and Aluminum Alloy plate, belt, foil and its deep processing products of provincial high-tech enterprise. Its products include strip, foil and coating material, deep processed products such as aluminum oxide board, cable foil, air conditioner foil, decorative building material aluminum foil, air conditioner refrigerator evaporator, and condenser.

Executives

Zong Yong Jin	Director
Bian Hui Juan	Directors, senior managers
Chen Wei Xin	Directors, senior managers
Dong Qing Liang	Supervisors
Ding Gui Bao	Director

Jiangsu Dingsheng New Material JSC Headlines

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