Shanxi Taigang Stainless Steel Co (SZSE:000825) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

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What is Shanxi Taigang Stainless Steel 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. Shanxi Taigang Stainless Steel Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.10.

Shanxi Taigang Stainless Steel Co's long-term debt to total assets ratio declined from Sep. 2023 (0.14) to Sep. 2024 (0.10). It may suggest that Shanxi Taigang Stainless Steel Co is progressively becoming less dependent on debt to grow their business.

Shanxi Taigang Stainless Steel Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanxi Taigang Stainless Steel 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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Shanxi Taigang Stainless Steel Co LT-Debt-to-Total-Asset Chart

Shanxi Taigang Stainless Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.10

0.04

0.13

0.14

Shanxi Taigang Stainless Steel 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															0.14	0.14	0.14	0.14	0.10

Shanxi Taigang Stainless Steel Co LT-Debt-to-Total-Asset Calculation

Shanxi Taigang Stainless Steel 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 )
	=	9499.896	/	68238.646
	=	0.14

Shanxi Taigang Stainless Steel 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 )
	=	7121.072	/	68891.86
	=	0.10

Shanxi Taigang Stainless Steel Co (SZSE:000825) 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.

Shanxi Taigang Stainless Steel Co LT-Debt-to-Total-Asset Related Terms

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Shanxi Taigang Stainless Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shanxi Taigang Stainless Steel Co Ltd (SZSE:000825) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 2 Jiancaoping Street, Taiyuan, Shanxi, CHN, 030003

Website

http://tgbx.tisco.com.cn

Shanxi Taigang Stainless Steel Co Ltd is engaged in the production of ferrous metal smelting, the production and sales of stainless steel and its steel products. It produces and sells stainless steel and other steel products, steel billets, steel ingots, ferrous metals, ferroalloys, and metal products; domestic trade and import and export of raw and auxiliary materials required for steel production.

Executives

Wang Bai Dong	Executives
Tian Wen Chang	Independent director
Hu Yu Ting	Director
Liu Fu Xing	Directors, executives
Zhang Wen Xiao	Supervisors
Li Cheng	Director
Guo Cun He	Supervisors

Shanxi Taigang Stainless Steel Co Headlines

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