China Aluminum International Engineering (STU:4AI) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2024)

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What is China Aluminum International Engineering 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. China Aluminum International Engineering's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.17.

China Aluminum International Engineering's long-term debt to total assets ratio increased from Jun. 2023 (0.12) to Jun. 2024 (0.17). It may suggest that China Aluminum International Engineering is progressively becoming more dependent on debt to grow their business.

China Aluminum International Engineering LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Aluminum International Engineering'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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China Aluminum International Engineering LT-Debt-to-Total-Asset Chart

China Aluminum International Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.15

0.20

0.11

0.15

China Aluminum International Engineering Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.15	0.14	0.17	-

China Aluminum International Engineering LT-Debt-to-Total-Asset Calculation

China Aluminum International Engineering'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 )
	=	797.018	/	5258.322
	=	0.15

China Aluminum International Engineering's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	884.088	/	5342.363
	=	0.17

China Aluminum International Engineering (STU:4AI) 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.

China Aluminum International Engineering LT-Debt-to-Total-Asset Related Terms

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China Aluminum International Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Aluminum International Engineering Corp Ltd (STU:4AI) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

02068:Hong Kong 4AI:Germany 601068:China

Address

No. 99 Xingshikou Road, Building C, Haidian District, Beijing, CHN, 100093

Website

https://www.chalieco.com.cn

China Aluminum International Engineering Corp Ltd is a technology, engineering service, and equipment provider in the nonferrous metals industry in China, capable of providing a full range of integrated technology and engineering design and construction services for various businesses in the entire nonferrous metals industry chain. The company's businesses mainly include engineering survey, design and consultancy, engineering and construction contracting, equipment manufacturing, and equipment trading. It earns its revenue from its operations in China.

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