Nanchang Mineral Systems Co (SZSE:001360) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Nanchang Mineral Systems 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. Nanchang Mineral Systems Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Nanchang Mineral Systems Co's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.01). It may suggest that Nanchang Mineral Systems Co is progressively becoming less dependent on debt to grow their business.

Nanchang Mineral Systems Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nanchang Mineral Systems 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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Nanchang Mineral Systems Co LT-Debt-to-Total-Asset Chart

Nanchang Mineral Systems Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

Nanchang Mineral Systems Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.01	0.01	0.01	-	0.01

Nanchang Mineral Systems Co LT-Debt-to-Total-Asset Calculation

Nanchang Mineral Systems 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 )
	=	19.395	/	2041.797
	=	0.01

Nanchang Mineral Systems 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 )
	=	12.609	/	2076.024
	=	0.01

Nanchang Mineral Systems Co (SZSE:001360) 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.

Nanchang Mineral Systems Co LT-Debt-to-Total-Asset Related Terms

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Nanchang Mineral Systems Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Nanchang Mineral Systems Co Ltd (SZSE:001360) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 300 Hongwan Avenue, Wanli District, Jiangxi Province, Nanchang, CHN, 330004

Website

https://www.nmsystems.cn

Nanchang Mineral Systems Co Ltd is engaged in the research and development, design, production, sales and aftermarket services of crushing and screening equipment related to sand and gravel aggregates and metal mines.

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