Jiangsu Longda Superalloy Co (SHSE:688231) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Jiangsu Longda Superalloy 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. Jiangsu Longda Superalloy Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Jiangsu Longda Superalloy Co's long-term debt to total assets ratio stayed the same from Mar. 2023 (0.02) to Mar. 2024 (0.02).

Jiangsu Longda Superalloy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Longda Superalloy 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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Jiangsu Longda Superalloy Co LT-Debt-to-Total-Asset Chart

Jiangsu Longda Superalloy Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.01

0.02

Jiangsu Longda Superalloy Co Quarterly Data
	Dec18	Dec19	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												0.02	0.04	0.03	0.02	0.02

Jiangsu Longda Superalloy Co LT-Debt-to-Total-Asset Calculation

Jiangsu Longda Superalloy 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 )
	=	54.612	/	3356.058
	=	0.02

Jiangsu Longda Superalloy 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 )
	=	67.929	/	3372.248
	=	0.02

Jiangsu Longda Superalloy Co (SHSE:688231) 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.

Jiangsu Longda Superalloy Co LT-Debt-to-Total-Asset Related Terms

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Jiangsu Longda Superalloy Co (SHSE:688231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jiangsu Longda Superalloy Co Ltd (SHSE:688231) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 18, Xiangyun Road, Anzhen Street, Xishan District, Jiangsu Province, Wuxi, CHN, 214105

Website

http://www.wxlongda.com

Jiangsu Longda Superalloy Co Ltd is engaged in the research and development, production and sales of alloy materials.

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