Chongqing Zhengchuan Pharmaceutical Packaging Co (SHSE:603976) LT-Debt-to-Total-Asset : 0.20 (As of Mar. 2024)

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What is Chongqing Zhengchuan Pharmaceutical Packaging 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. Chongqing Zhengchuan Pharmaceutical Packaging Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.20.

Chongqing Zhengchuan Pharmaceutical Packaging Co's long-term debt to total assets ratio increased from Mar. 2023 (0.20) to Mar. 2024 (0.20). It may suggest that Chongqing Zhengchuan Pharmaceutical Packaging Co is progressively becoming more dependent on debt to grow their business.

Chongqing Zhengchuan Pharmaceutical Packaging Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chongqing Zhengchuan Pharmaceutical Packaging 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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Chongqing Zhengchuan Pharmaceutical Packaging Co LT-Debt-to-Total-Asset Chart

Chongqing Zhengchuan Pharmaceutical Packaging Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.20

Chongqing Zhengchuan Pharmaceutical Packaging 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															0.20	0.20	0.20	0.20	0.20

Chongqing Zhengchuan Pharmaceutical Packaging Co LT-Debt-to-Total-Asset Calculation

Chongqing Zhengchuan Pharmaceutical Packaging 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 )
	=	416.314	/	2042.882
	=	0.20

Chongqing Zhengchuan Pharmaceutical Packaging 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 )
	=	421.288	/	2060.517
	=	0.20

Chongqing Zhengchuan Pharmaceutical Packaging Co (SHSE:603976) 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.

Chongqing Zhengchuan Pharmaceutical Packaging Co LT-Debt-to-Total-Asset Related Terms

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Chongqing Zhengchuan Pharmaceutical Packaging Co (SHSE:603976) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Chongqing Zhengchuan Pharmaceutical Packaging Co Ltd (SHSE:603976) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Longfeng bridge Street, Zhengchuan glass industrial park, Beibei District, Chongqing, CHN, 400700

Website

http://www.cqzcjt.com

Chongqing Zhengchuan Pharmaceutical Packaging Co Ltd is a China-based company engages in the research, development, production, and sale of medicinal packaging materials such as medicinal glass tubes. It manufactures colorless and brown glass tubular injection bottles, oral liquid bottles, regulation glass tube screw mouth bottle, and ampoules.

Executives

Qin Feng	Director
Xiao Qing	Director
Sun Lian Yun	Director
Jiang Feng An	Director
Fan Yong	Director
Li Zheng De	Director
Deng Bu Jian	Director
Deng Yong	Director
Deng Bu Lin	Director

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