Jiangxi Hungpai New Material Co (SHSE:605366) LT-Debt-to-Total-Asset : 0.24 (As of Mar. 2024)

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What is Jiangxi Hungpai New Material 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. Jiangxi Hungpai New Material Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.24.

Jiangxi Hungpai New Material Co's long-term debt to total assets ratio increased from Mar. 2023 (0.13) to Mar. 2024 (0.24). It may suggest that Jiangxi Hungpai New Material Co is progressively becoming more dependent on debt to grow their business.

Jiangxi Hungpai New Material Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangxi Hungpai New Material 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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Jiangxi Hungpai New Material Co LT-Debt-to-Total-Asset Chart

Jiangxi Hungpai New Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.11

0.19

Jiangxi Hungpai New Material 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															0.13	0.17	0.20	0.19	0.24

Jiangxi Hungpai New Material Co LT-Debt-to-Total-Asset Calculation

Jiangxi Hungpai New Material 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 )
	=	563.774	/	2999.634
	=	0.19

Jiangxi Hungpai New Material 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 )
	=	740.473	/	3086.397
	=	0.24

Jiangxi Hungpai New Material Co (SHSE:605366) 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.

Jiangxi Hungpai New Material Co LT-Debt-to-Total-Asset Related Terms

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Jiangxi Hungpai New Material Co (SHSE:605366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangxi Hungpai New Material Co Ltd (SHSE:605366) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Industrial 9th ??Road, Tashan Industrial Park, Jiangxi Province, Leping, CHN, 333332

Website

http://www.hungpai.net

Jiangxi Hungpai New Material Co Ltd is engaged in research and development, production and sales of new silicon-based materials such as functional silanes, nano-silicon materials and other chemical additives. The company's products include Silane Coupling Agent, Anti-Reversion Agent, Antioxidant Agent, Manufacturing Additive Agent, Prevent Blooming Agent, Raw Chemical Material, Silicone Products Series, Fumed Silica, Anti-Adherent Agent, and Silane coupling agent series.

Executives

Lin Qing Song	Director
Ji Jin Shu	Director
Zhang Jie	senior management
Song Jian Kun	Supervisors
Hu Cheng Fa	senior management
Lang Feng Ping	Directors, senior managers
Li Ming Zai	senior management
Chen Jie	senior management
Wu Hua	Director

Jiangxi Hungpai New Material Co (SHSE:605366) Headlines

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