Zhejiang Jiaxin Silk (SZSE:002404) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Zhejiang Jiaxin Silk 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 Jiaxin Silk's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Zhejiang Jiaxin Silk's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.00). It may suggest that Zhejiang Jiaxin Silk is progressively becoming more dependent on debt to grow their business.

Zhejiang Jiaxin Silk LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Jiaxin Silk'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 Jiaxin Silk LT-Debt-to-Total-Asset Chart

Zhejiang Jiaxin Silk Annual Data

Trend

Dec14

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Dec20

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Dec23

LT-Debt-to-Total-Asset

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Zhejiang Jiaxin Silk 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															-	-	-	0.01	-

Zhejiang Jiaxin Silk LT-Debt-to-Total-Asset Calculation

Zhejiang Jiaxin Silk'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 )
	=	1.291	/	3556.275
	=	0.00

Zhejiang Jiaxin Silk'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 )
	=	14.84	/	3315.802
	=	0.00

Zhejiang Jiaxin Silk (SZSE:002404) 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 Jiaxin Silk LT-Debt-to-Total-Asset Related Terms

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Zhejiang Jiaxin Silk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Jiaxin Silk Corp Ltd (SZSE:002404) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Silk Building No. 22, Zhongshan Road, Zhejiang Province, Jiaxing, CHN

Website

http://www.jxsilk.cn

Zhejiang Jiaxin Silk Corp Ltd is a Chinese silk house. It is engaged in the manufacture of high-grade silk, silk, and clothing. It produces and sales silkworm cocoons, silk, weaving, printing and dyeing, knitting and garments.

Executives

Zhou Guo Jian	Director
Han Shuo	Directors, executives
Zhou Qing Rong	Supervisors
Gu Qun	Director
Feng Jian Ping	Executives
Zhang Ning	Supervisors
Zhu Jian Yong	Supervisors
Zheng Xiao	Directors, Directors, and Executives
Shen Yu Qi	Executives
Xu Hong	Directors, executives
Hu Chuan Guo	Director

Zhejiang Jiaxin Silk Headlines

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