Jiangsu Amer New Material Co (SZSE:002201) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Jiangsu Amer New Material 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. Jiangsu Amer New Material Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Jiangsu Amer New Material Co's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.02). It may suggest that Jiangsu Amer New Material Co is progressively becoming less dependent on debt to grow their business.

Jiangsu Amer New Material Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Amer New Material 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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Jiangsu Amer New Material Co LT-Debt-to-Total-Asset Chart

Jiangsu Amer New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.05

0.08

0.01

0.02

Jiangsu Amer New Material 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															0.02	0.02	0.02	0.02	0.02

Jiangsu Amer New Material Co LT-Debt-to-Total-Asset Calculation

Jiangsu Amer New Material 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 )
	=	44.961	/	2926.055
	=	0.02

Jiangsu Amer New Material 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 )
	=	44.436	/	2659.044
	=	0.02

Jiangsu Amer New Material Co (SZSE:002201) 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.

Jiangsu Amer New Material Co LT-Debt-to-Total-Asset Related Terms

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Jiangsu Amer New Material Co (SZSE:002201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Amer New Material Co Ltd (SZSE:002201) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Zhongshan Road, Rugao, Jiangsu, CHN, 226500

Website

http://www.cjdg.com

Jiangsu Amer New Material Co Ltd is a manufacturing enterprise for advanced fiberglass textiles in China. It specializes in production and sales of glass fiber yarn, fabrics building materials, decoration materials and other textile glass fiber products and fiberglass reinforced plastic products. The company exported its products to more than 50 countries and regions, including North America, Europe, Southeast Asia, Japan and South Korea.

Executives

Hu Lin	Executives
Jiang Yong Jian	Supervisors
Ren Zheng Yong	Directors, Directors, and Executives
Gu Rou Jian	Directors, executives
Gu Qing Bo	Directors, executives
Xu Rong	Director
Feng Yong Zhao	Director
Jiang Gu	Supervisors
Liu Ding Sheng	Executives
Feng Jian Bing	Executives
Zhu Qian Xin	Supervisors
Ge Hai	Director
Wu Ping	Director

Jiangsu Amer New Material Co (SZSE:002201) Headlines

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