Nantong Acetic Acid Chemical Co (SHSE:603968) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Nantong Acetic Acid Chemical 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. Nantong Acetic Acid Chemical Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Nantong Acetic Acid Chemical Co's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Mar. 2024 (0.04). It may suggest that Nantong Acetic Acid Chemical Co is progressively becoming less dependent on debt to grow their business.

Nantong Acetic Acid Chemical Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nantong Acetic Acid Chemical 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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Nantong Acetic Acid Chemical Co LT-Debt-to-Total-Asset Chart

Nantong Acetic Acid Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.06

0.09

Nantong Acetic Acid Chemical 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															0.12	0.09	0.09	0.09	0.04

Nantong Acetic Acid Chemical Co LT-Debt-to-Total-Asset Calculation

Nantong Acetic Acid Chemical 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 )
	=	327.527	/	3546.027
	=	0.09

Nantong Acetic Acid Chemical 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 )
	=	136.525	/	3777.871
	=	0.04

Nantong Acetic Acid Chemical Co (SHSE:603968) 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.

Nantong Acetic Acid Chemical Co LT-Debt-to-Total-Asset Related Terms

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Nantong Acetic Acid Chemical Co (SHSE:603968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nantong Acetic Acid Chemical Co Ltd (SHSE:603968) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nantong Economic and Technological Development Zone, 968 Jiangshan Road, Jiangsu, CHN, 226009

Website

http://www.ntacf.com.cn

Nantong Acetic Acid Chemical Co Ltd deals in food and feed additives, pharmaceutical and pesticide intermediates, dye and pigment intermediates, and organic chemical raw materials. The product portfolio includes - sorbic acid, potassium sorbate, dehydroacetic acid, nicotinic acid, clopidol, methyl acetoacetate, acetoacetanilide, and others.

Executives

Qing Jiu	Director
Yu Xin Nan	Director
Tao Tao	senior management
Xue Jin Quan	senior management
Shuai Jian Xin	senior management
Ding Cai Feng	Director
Qian Jin	senior management
Gu Qing Quan	Director
Yan Mei Hua	senior management

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