Yunnan Luoping Zinc And Electricity Co (SZSE:002114) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Yunnan Luoping Zinc And Electricity 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. Yunnan Luoping Zinc And Electricity Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Yunnan Luoping Zinc And Electricity Co's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.03). It may suggest that Yunnan Luoping Zinc And Electricity Co is progressively becoming less dependent on debt to grow their business.

Yunnan Luoping Zinc And Electricity Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Yunnan Luoping Zinc And Electricity 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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Yunnan Luoping Zinc And Electricity Co LT-Debt-to-Total-Asset Chart

Yunnan Luoping Zinc And Electricity Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.04

0.02

Yunnan Luoping Zinc And Electricity 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															0.04	0.06	0.02	0.02	0.03

Yunnan Luoping Zinc And Electricity Co LT-Debt-to-Total-Asset Calculation

Yunnan Luoping Zinc And Electricity 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 )
	=	57.939	/	2417.782
	=	0.02

Yunnan Luoping Zinc And Electricity 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 )
	=	61.306	/	2265.056
	=	0.03

Yunnan Luoping Zinc And Electricity Co (SZSE:002114) 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.

Yunnan Luoping Zinc And Electricity Co LT-Debt-to-Total-Asset Related Terms

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Yunnan Luoping Zinc And Electricity Co (SZSE:002114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Yunnan Luoping Zinc And Electricity Co Ltd (SZSE:002114) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Jiulong Avenue South Section, Luoxiong Town, Luoping County, Qujing, Yunnan, CHN, 655800

Website

http://www.lpxdgf.cn

Yunnan Luoping Zinc And Electricity Co Ltd are engaged in mining and processing lead-zinc ores in China. Its products include Zinc ingots, Metal zinc powder, Cadmium ingot, Indium ingot and Concentrate.

Executives

Zheng Jian Shu	Supervisors
Yang Jian Xing	Director
Zhou Xin Biao	Directors, executives
Yu Yong Xian	Directors, Directors, and Executives
Zhao De Jun	Executives
Gui Guo Fei	Executives
Huang Jing Yao	Executives
Gui Jing Cong	Executives
Li Jin	Supervisors
Yang Hai Feng	Independent director
Wang Yun Xiang	Director

Yunnan Luoping Zinc And Electricity Co (SZSE:002114) Headlines

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