Sinosteel Engineering & Technology Co (SZSE:000928) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Sinosteel Engineering & Technology 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. Sinosteel Engineering & Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Sinosteel Engineering & Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.01). It may suggest that Sinosteel Engineering & Technology Co is progressively becoming less dependent on debt to grow their business.

Sinosteel Engineering & Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sinosteel Engineering & Technology 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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Sinosteel Engineering & Technology Co LT-Debt-to-Total-Asset Chart

Sinosteel Engineering & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.06

0.01

Sinosteel Engineering & Technology 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															0.06	0.05	0.03	0.01	0.01

Sinosteel Engineering & Technology Co LT-Debt-to-Total-Asset Calculation

Sinosteel Engineering & Technology 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 )
	=	195.86	/	29998.22
	=	0.01

Sinosteel Engineering & Technology 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 )
	=	191.757	/	27879.432
	=	0.01

Sinosteel Engineering & Technology Co (SZSE:000928) 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.

Sinosteel Engineering & Technology Co LT-Debt-to-Total-Asset Related Terms

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Sinosteel Engineering & Technology Co (SZSE:000928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sinosteel Engineering & Technology Co Ltd (SZSE:000928) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 8 Haidian Street, Beijing, CHN, 100080

Website

http://www.mecc.sinosteel.com

Sinosteel Engineering & Technology Co Ltd is a China-based company engaged in focusing on industrial engineering and service, municipal engineering and investment, energy saving and environment protection, as well as high-tech businesses.

Executives

Tang Fa Qi	Executives
Zhou Jian Hong	Executives
Ji Ai Dong	Independent director
Tian Hui	Independent director
Zhang Jian Hua	Executives
Xin Fang	Securities Affairs Representative
Du Jie	Director

Sinosteel Engineering & Technology Co (SZSE:000928) Headlines

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