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Kingenta Ecological Engineering Group Co (SZSE:002470) LT-Debt-to-Total-Asset : 0.17 (As of Mar. 2024)


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What is Kingenta Ecological Engineering 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. Kingenta Ecological Engineering Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.17.

Kingenta Ecological Engineering Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.17). It may suggest that Kingenta Ecological Engineering Group Co is progressively becoming more dependent on debt to grow their business.

Kingenta Ecological Engineering Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kingenta Ecological Engineering 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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Kingenta Ecological Engineering Group Co LT-Debt-to-Total-Asset Chart

Kingenta Ecological Engineering Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.02 - 0.02 0.17

Kingenta Ecological Engineering Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.07 0.07 0.17 0.17

Kingenta Ecological Engineering Group Co LT-Debt-to-Total-Asset Calculation

Kingenta Ecological Engineering 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 )
=1965.348/11760.358
=0.17

Kingenta Ecological Engineering Group 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 )
=1956.996/11491.462
=0.17

* 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.

Kingenta Ecological Engineering Group Co  (SZSE:002470) 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.

Kingenta Ecological Engineering Group Co LT-Debt-to-Total-Asset Related Terms

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Kingenta Ecological Engineering Group Co (SZSE:002470) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Kingenta Ecological Engineering Group Co Ltd (SZSE:002470) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SHSE:603639 SZSE:002556 SHSE:600230 SZSE:000912 SZSE:002274 SZSE:002538 SZSE:002588 SZSE:002170 SZSE:000525 SZSE:002749 CTVA TSX:NTR SAU:2020 CF SZSE:000792 MOS MIC:PHOR OSL:YAR MIC:AKRN FMC
Traded in Other Exchanges
N/A
Address
No.19 Xingda west street, Linshu, Shandong Province, Linyi, CHN, 276700
Website
http://www.kingenta.com
Kingenta Ecological Engineering Group Co Ltd engaged in Research and Development, production and marketing of compound/blend fertilizer, slow/controlled release fertilizer and other new fertilizers. Its products include Polymer coated urea, Plant oil coated urea, Polymer sulfur coated urea, Polymer coated fertilizer and other.
Executives
Wu Xiu Qing Supervisors
Bai Ying Executives
Wan Lian Bu Directors, executives
Di Ji Dong Executives
Cui Bin Directors, Directors, and Executives
Yang Chun Ju Securities Affairs Representative
Hu Zhao Ping Executives
Yan Ming Xiao Executives
Zheng Shu Lin Executives
Yang Yan Supervisors
Li Ji Guo Executives
Gao Yi Wu Directors, executives
Zhang Xiao Yi Director
Wang Shi Qing Supervisors

Kingenta Ecological Engineering Group Co (SZSE:002470) Headlines

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