Sokan New Materials Group Co (SHSE:688157) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Sokan New Materials Group 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. Sokan New Materials Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Sokan New Materials Group Co's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.01). It may suggest that Sokan New Materials Group Co is progressively becoming less dependent on debt to grow their business.

Sokan New Materials Group Co LT-Debt-to-Total-Asset Historical Data

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

Sokan New Materials Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Sokan New Materials Group Co 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															0.01	0.01	0.01	0.01	0.01

Sokan New Materials Group Co LT-Debt-to-Total-Asset Calculation

Sokan New Materials Group 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 )
	=	12.631	/	1571.945
	=	0.01

Sokan New Materials Group Co'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 )
	=	12.728	/	1675.202
	=	0.01

Sokan New Materials Group Co (SHSE:688157) 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.

Sokan New Materials Group Co LT-Debt-to-Total-Asset Related Terms

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Sokan New Materials Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sokan New Materials Group Co Ltd (SHSE:688157) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.777, Sanhuan North Road, Ningxiang Economic and Technological Development Zone, Hunan Province, Ningxiang, CHN, 410600

Website

http://www.sokan.com.cn

Sokan New Materials Group Co Ltd is engaged in the production and sales of new functional coating materials such as paints and special inks. It provides services to market segments such as mobile phones and related accessories, notebook computers and related accessories, wearable devices, and smart home appliances, passenger cars.

Executives

	Director
Wang Wei Guo	Directors, senior managers
Yang Bo	Director
Wu Song	Director
Li Ping	Core technical personnel
Zhang Ying Qiang	senior management
Mou Pei Kai	Director
Xu Rui Hong	Supervisors
Tang Xiao Qin	Supervisors
Li Yu Liang	Core technical personnel
Wu Jun Yun	senior management

Sokan New Materials Group Co Headlines

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