Xinjiang Xinxin Mining Industry Co (STU:33X1) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is Xinjiang Xinxin Mining Industry 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. Xinjiang Xinxin Mining Industry Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Xinjiang Xinxin Mining Industry Co's long-term debt to total assets ratio increased from Dec. 2022 (0.07) to Dec. 2023 (0.07). It may suggest that Xinjiang Xinxin Mining Industry Co is progressively becoming more dependent on debt to grow their business.

Xinjiang Xinxin Mining Industry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xinjiang Xinxin Mining Industry 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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Xinjiang Xinxin Mining Industry Co LT-Debt-to-Total-Asset Chart

Xinjiang Xinxin Mining Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.11

0.05

0.07

Xinjiang Xinxin Mining Industry Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.05	0.07	0.07	0.07

Xinjiang Xinxin Mining Industry Co LT-Debt-to-Total-Asset Calculation

Xinjiang Xinxin Mining Industry 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 )
	=	72.395	/	1006.563
	=	0.07

Xinjiang Xinxin Mining Industry Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	72.395	/	1006.563
	=	0.07

Xinjiang Xinxin Mining Industry Co (STU:33X1) 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.

Xinjiang Xinxin Mining Industry Co LT-Debt-to-Total-Asset Related Terms

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Xinjiang Xinxin Mining Industry Co (STU:33X1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xinjiang Xinxin Mining Industry Co Ltd (STU:33X1) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

03833:Hong Kong

Address

Fusion South Road, No. 501, Cooperation Zone, Economic and Technological, Urumqi, Xinjiang, CHN

Website

http://kunlun.wsfg.hk

Xinjiang Xinxin Mining Industry Co Ltd is a nickel cathode producer. In addition to producing nickel cathode using nickel sulfide resources, the company is engaged in mining, ore processing, smelting and refining operations and sales of nickel, copper and other non-ferrous metals. Its product portfolio includes nickel cathode and copper cathode. It also produces Cobalt products, gold, silver, platinum, and palladium. The majority of the group's revenue is derived from sales of nickel, copper and other non-ferrous metal products in China.

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