Zhejiang Hailiang Co (SZSE:002203) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)

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What is Zhejiang Hailiang 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. Zhejiang Hailiang Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

Zhejiang Hailiang Co's long-term debt to total assets ratio declined from Mar. 2023 (0.19) to Mar. 2024 (0.18). It may suggest that Zhejiang Hailiang Co is progressively becoming less dependent on debt to grow their business.

Zhejiang Hailiang Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Hailiang 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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Zhejiang Hailiang Co LT-Debt-to-Total-Asset Chart

Zhejiang Hailiang Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.18

0.14

0.19

0.20

Zhejiang Hailiang 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															0.19	0.18	0.20	0.20	0.18

Zhejiang Hailiang Co LT-Debt-to-Total-Asset Calculation

Zhejiang Hailiang 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 )
	=	8248.018	/	40405.1
	=	0.20

Zhejiang Hailiang 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 )
	=	7794.787	/	43905.311
	=	0.18

Zhejiang Hailiang Co (SZSE:002203) 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.

Zhejiang Hailiang Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Hailiang Co (SZSE:002203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhejiang Hailiang Co Ltd (SZSE:002203) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Zhejiang Diankou Town Industrial Zone, Zhejiang Province, Zhuji, CHN, 311835

Website

http://www.hailiang.com

Zhejiang Hailiang Co Ltd is engaged in the R&D, production, marketing and servicing of copper and copper products. The company is also engaged in manufacturing copper tubes, copper alloy tube and copper rods; and exports copper tubing products.

Executives

Qian Zi Qiang	Secretary, Director
Wang Sheng	Executives
Feng Lu Ming	Director
Zhu Lin	Securities Affairs Representative
Zhu Zhang Quan	Directors, executives
Wang Ming	Director
Chen Dong	Executives
Qian Ang Jun	Supervisors
Feng Ya Li	Director
Zhao Xue Long	Supervisors
Yang Lin	Executives
Chen Yu Liang	Supervisors

Zhejiang Hailiang Co (SZSE:002203) Headlines

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