Zhongnanhong Culture Group Co (SZSE:002445) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2024)

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What is Zhongnanhong Culture Group 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. Zhongnanhong Culture Group Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.02.

Zhongnanhong Culture Group Co's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.02). It may suggest that Zhongnanhong Culture Group Co is progressively becoming more dependent on debt to grow their business.

Zhongnanhong Culture Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhongnanhong Culture Group 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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Zhongnanhong Culture Group Co LT-Debt-to-Total-Asset Chart

Zhongnanhong Culture Group Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Zhongnanhong Culture Group Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.01	0.01	0.01	0.02

Zhongnanhong Culture Group Co LT-Debt-to-Total-Asset Calculation

Zhongnanhong Culture Group 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 )
	=	14.483	/	2647.421
	=	0.01

Zhongnanhong Culture Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	68.033	/	2817.012
	=	0.02

Zhongnanhong Culture Group Co (SZSE:002445) 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.

Zhongnanhong Culture Group Co LT-Debt-to-Total-Asset Related Terms

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Zhongnanhong Culture Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhongnanhong Culture Group Co Ltd (SZSE:002445) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No.3, Zhongnan Road, High and New Technique Industires Development Zone, Jiangsu Province, Jiangyin, CHN, 214429

Website

http://www.znhi.com.cn

Zhongnanhong Culture Group Co Ltd, formerly Zhongnan Red Culture Group Co Ltd is engaged in the production of pipe fittings, steel pipes, machinery parts, expansion joints, prefabricated and buried insulating pipes in China.

Executives

Hu Zhen	Supervisors
Wang Hui	Director
Hong Tao	Executives
Chen Guang	Directors, executives
Tian Zi Qiang	Executives
Chen Shao Zhong	Director
Zhang Yue Ming	Supervisors
Hua Li Ya	Supervisors
Wang Kou Cheng	Supervisors
Wu Qing Feng	Directors, Directors, and Executives
Gao Li Xin	Directors, executives
Chen Shao Yun	Executives
Jin Yan Ping	Executives
Chen Xiao Dong	Supervisors

Zhongnanhong Culture Group Co Headlines

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