Sobute New Materials Co (SHSE:603916) LT-Debt-to-Total-Asset : 0.11 (As of Jun. 2024)

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What is Sobute 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. Sobute New Materials Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.11.

Sobute New Materials Co's long-term debt to total assets ratio declined from Jun. 2023 (0.16) to Jun. 2024 (0.11). It may suggest that Sobute New Materials Co is progressively becoming less dependent on debt to grow their business.

Sobute New Materials Co LT-Debt-to-Total-Asset Historical Data

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

Sobute 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

0.11

Sobute New Materials Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.15	0.11	0.12	0.11

Sobute New Materials Co LT-Debt-to-Total-Asset Calculation

Sobute 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 )
	=	893.886	/	7960.203
	=	0.11

Sobute New Materials Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	830.412	/	7896.432
	=	0.11

Sobute New Materials Co (SHSE:603916) 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.

Sobute New Materials Co LT-Debt-to-Total-Asset Related Terms

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Sobute New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Sobute New Materials Co Ltd (SHSE:603916) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Chun Street Liquan Road 118, Jiangning District, Nanjing, CHN, 211100

Website

http://www.sobute.com

Sobute New Materials Co Ltd is a civil engineering material supplier. It is engaged in the research and development, production and sales of concrete admixtures. The company's products include Cement and concrete admixtures; Grouting material; Road construction material; and Building fiber.

Executives

Mou Chang Wen	Director
Hong Jin Xiang	senior management
Mao Liang Xi	Directors, senior managers
Xu Yue	senior management
Zhang Yong	senior management
Zhang Yue Xing	Supervisors
Zhang Jian Xiong	Director
Liu Jia Ping	Director
Chen Jian Hua	Director

Sobute New Materials Co Headlines

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