Guocheng Mining Co (SZSE:000688) LT-Debt-to-Total-Asset : 0.20 (As of Mar. 2024)

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What is Guocheng Mining 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. Guocheng Mining Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.20.

Guocheng Mining Co's long-term debt to total assets ratio declined from Mar. 2023 (0.21) to Mar. 2024 (0.20). It may suggest that Guocheng Mining Co is progressively becoming less dependent on debt to grow their business.

Guocheng Mining Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guocheng Mining 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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Guocheng Mining Co LT-Debt-to-Total-Asset Chart

Guocheng Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.17

0.20

Guocheng Mining Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	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															0.21	0.21	0.22	0.20	0.20

Guocheng Mining Co LT-Debt-to-Total-Asset Calculation

Guocheng Mining 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 )
	=	1757.638	/	8751.749
	=	0.20

Guocheng Mining 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 )
	=	1715.432	/	8755.634
	=	0.20

Guocheng Mining Co (SZSE:000688) 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.

Guocheng Mining Co LT-Debt-to-Total-Asset Related Terms

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Guocheng Mining Co (SZSE:000688) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Guocheng Mining Co Ltd (SZSE:000688) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.164 Xinnan Road, Room 808, Crystal International, North New District, Chongqing, CHN, 401147

Website

http://www.jianxin0688.com

Guocheng Mining Co Ltd is a China-based company engaged in the production and sales of non-ferrous metal mining, mineral processing, and downstream sulfuric acid. The product portfolio of the company includes zinc concentrate, lead concentrate, and zinc ingots. In addition, the company also invests in the financial and environmental protection of new energy industries.

Guocheng Mining Co (SZSE:000688) Headlines

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