Jiangsu Eastern Shenghong Co (SZSE:000301) LT-Debt-to-Total-Asset : 0.37 (As of Sep. 2024)

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What is Jiangsu Eastern Shenghong 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 Eastern Shenghong Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.37.

Jiangsu Eastern Shenghong Co's long-term debt to total assets ratio declined from Sep. 2023 (0.40) to Sep. 2024 (0.37). It may suggest that Jiangsu Eastern Shenghong Co is progressively becoming less dependent on debt to grow their business.

Jiangsu Eastern Shenghong Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Eastern Shenghong 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 Eastern Shenghong Co LT-Debt-to-Total-Asset Chart

Jiangsu Eastern Shenghong Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.30

0.43

0.39

Jiangsu Eastern Shenghong 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															0.40	0.39	0.38	0.37	0.37

Jiangsu Eastern Shenghong Co LT-Debt-to-Total-Asset Calculation

Jiangsu Eastern Shenghong 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 )
	=	74484.869	/	190214.802
	=	0.39

Jiangsu Eastern Shenghong 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 )
	=	75972.958	/	208026.674
	=	0.37

Jiangsu Eastern Shenghong Co (SZSE:000301) 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 Eastern Shenghong Co LT-Debt-to-Total-Asset Related Terms

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Jiangsu Eastern Shenghong Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Eastern Shenghong Co Ltd (SZSE:000301) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.73, East Market Road, Shengze Town, Wujiang District, Jiangsu, Suzhou, CHN, 215228

Website

http://www.cesm.com.cn

Jiangsu Eastern Shenghong Co Ltd is engaged in the energy and chemical enterprise. The company in the fields of new energy, new materials, petroleum refining, and polyester chemical fiber has been deeply cultivated for many years, with diversified olefin production processes, and gradually formed a whole chemical complex with vertical integration of the industrial chain. Relying on refining and chemical integration, alcohol-based polygeneration, and propane industry chain projects, the chemical synthesis is constructed the chemical raw material supply platform is a "1+N" industrial cloth extending to diversified industrial chains such as new energy, new materials, electronic chemistry, and biotechnologyBureau.

Executives

Qiu Hai Rong	Directors, executives
Ni Gen Yuan	Supervisors
Wang Jun	Directors, executives
Ji Gao Xiong	Directors, executives
Wang Ning	Supervisors
Shi Bin Feng	Director
Chen Tan	Supervisors
Zhang Yun Xia	Supervisors

Jiangsu Eastern Shenghong Co Headlines

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