Xinjiang Zhongtai Chemical Co (SZSE:002092) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Xinjiang Zhongtai Chemical 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. Xinjiang Zhongtai Chemical Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

Xinjiang Zhongtai Chemical Co's long-term debt to total assets ratio increased from Sep. 2023 (0.12) to Sep. 2024 (0.14). It may suggest that Xinjiang Zhongtai Chemical Co is progressively becoming more dependent on debt to grow their business.

Xinjiang Zhongtai Chemical Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xinjiang Zhongtai Chemical 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.

Xinjiang Zhongtai Chemical Co LT-Debt-to-Total-Asset Chart

Xinjiang Zhongtai Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.15

0.10

0.13

Xinjiang Zhongtai Chemical 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															0.12	0.13	0.13	0.13	0.14

Xinjiang Zhongtai Chemical Co LT-Debt-to-Total-Asset Calculation

Xinjiang Zhongtai Chemical 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 )
	=	9090.65	/	72530.49
	=	0.13

Xinjiang Zhongtai Chemical 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 )
	=	10855.324	/	80432.312
	=	0.13

Xinjiang Zhongtai Chemical Co (SZSE:002092) 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.

Xinjiang Zhongtai Chemical Co LT-Debt-to-Total-Asset Related Terms

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

Xinjiang Zhongtai Chemical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinjiang Zhongtai Chemical Co Ltd (SZSE:002092) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 39 Yangcheng Lake Road, Urumqi Economic and Technological Development Zone, Toutunhe, CHN, 830026

Website

http://www.zthx.com

Xinjiang Zhongtai Chemical Co Ltd is a large integrated chemical manufacturing company. It produces chlor-alkali, crude salt, calcium carbide, and coke products. Its primary geographic markets are Xinjiang, East China and the Southern part of China. The company also exports its products to Russia, South Asia such as India, Vietnam, Pakistan, South America and Africa.

Executives

Zhao Yong Lu	Supervisors
Wang Ya Ling	Executives
Liang Bin	Director
Lei Xia	Executives
Feng Zhao Hai	Supervisors
Hao Zhen Yu	Independent director
Ma Jiang Feng	Executives
Tang Xiang Jun	Supervisors
Peng Jiang Ling	Executives
Zhang Qun Rong	Executives
Fan Xue Feng	Executives
Lou Gang	Director
Zhang Su Quan	Director
Liu Wen Xian	Executives
Zheng Xin Zhou	Directors, executives

Xinjiang Zhongtai Chemical Co Headlines

No Headlines