Hongda Xingye Co (SZSE:002002) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Hongda Xingye 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. Hongda Xingye Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.02.

Hongda Xingye Co's long-term debt to total assets ratio stayed the same from Sep. 2022 (0.02) to Sep. 2023 (0.02).

Hongda Xingye Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hongda Xingye 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.

* Premium members only.

Hongda Xingye Co LT-Debt-to-Total-Asset Chart

Hongda Xingye Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.06

0.12

0.18

0.02

Hongda Xingye Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.02

Hongda Xingye Co LT-Debt-to-Total-Asset Calculation

Hongda Xingye Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	290.572	/	18786.559
	=	0.02

Hongda Xingye Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	290.56	/	18478.598
	=	0.02

Hongda Xingye Co (SZSE:002002) 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.

Hongda Xingye Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Hongda Xingye Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Hongda Xingye Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hongda Xingye Co Ltd (SZSE:002002) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Guangzhou Circle Road, Guangzhou Circle, 28th Floor, Guangzhou, CHN, 510385

Website

http://www.002002.cn

Hongda Xingye Co Ltd is a Chinese chemical resource company. It is engaged in the manufacture and sale of chemical products. The business areas of the company are New materials, Environmental protection, and Electronic trading. It offers products like soil conditioner, desulfurizer; environmental modification engineering services such as soil remediation, desulfuration, and denitration; PVC new materials like PVC, modified PVC, PVC building formwork, PVC pharmaceutical packaging material, PVC ecological houses; rare earth new materials such as rare earth heat stabilizer and rare earth catalyst. In addition, the company also provide services of the business to business e-commerce, comprehensive logistics, technical support for large spot industrial raw materials.

Executives

Chen Yong	Supervisors
Liao Rui Hao	Independent director
Zhou Yi Feng	Directors, executives
Lin Shao Han	Secretary, Director
Liu Dong Sheng	Independent director
Wang Yu Yue	Directors, executives
Yu Jing	Securities Affairs Representative
Huang Ze Jun	Executives
Ni Bao Zhu	Executives
Fan Yu Ren	Director

Hongda Xingye Co Headlines

No Headlines