Tianjin Jiuri New Materials Co (SHSE:688199) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Tianjin Jiuri 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. Tianjin Jiuri New Materials Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Tianjin Jiuri New Materials Co's long-term debt to total assets ratio declined from Sep. 2023 (0.06) to Sep. 2024 (0.05). It may suggest that Tianjin Jiuri New Materials Co is progressively becoming less dependent on debt to grow their business.

Tianjin Jiuri New Materials Co LT-Debt-to-Total-Asset Historical Data

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

Tianjin Jiuri 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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0.03

0.07

0.06

Tianjin Jiuri New Materials 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															0.06	0.06	0.06	0.07	0.05

Tianjin Jiuri New Materials Co LT-Debt-to-Total-Asset Calculation

Tianjin Jiuri 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 )
	=	230.789	/	3985.985
	=	0.06

Tianjin Jiuri New Materials 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 )
	=	213.175	/	4188.751
	=	0.05

Tianjin Jiuri New Materials Co (SHSE:688199) 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.

Tianjin Jiuri New Materials Co LT-Debt-to-Total-Asset Related Terms

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Tianjin Jiuri New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianjin Jiuri New Materials Co Ltd (SHSE:688199) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 22, Shuangchen Middle Road, Beichen District, Tianjin, CHN, 300384

Website

http://www.jiuri.com.cn

Tianjin Jiuri New Materials Co Ltd is a manufacturer of photoinitiator. The business activities of the group includes manufacturing, sales and service of photoinitiators monomers, oligomers, UV absorbers and other related products.

Executives

Mao Gui Hong	Core technical personnel
Lv Zhen Bo	Supervisors
Zhang Jian Feng	Core technical personnel

Tianjin Jiuri New Materials Co Headlines

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