Zhejiang Zhongcheng Packing Material Co (SZSE:002522) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Zhejiang Zhongcheng Packing 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. Zhejiang Zhongcheng Packing Material Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Zhejiang Zhongcheng Packing Material Co's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.07). It may suggest that Zhejiang Zhongcheng Packing Material Co is progressively becoming less dependent on debt to grow their business.

Zhejiang Zhongcheng Packing Material Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Zhongcheng Packing 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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Zhejiang Zhongcheng Packing Material Co LT-Debt-to-Total-Asset Chart

Zhejiang Zhongcheng Packing Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.08

0.07

Zhejiang Zhongcheng Packing 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															0.08	0.08	0.08	0.07	0.07

Zhejiang Zhongcheng Packing Material Co LT-Debt-to-Total-Asset Calculation

Zhejiang Zhongcheng Packing 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 )
	=	249.195	/	3669.173
	=	0.07

Zhejiang Zhongcheng Packing 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 )
	=	249.196	/	3630.313
	=	0.07

Zhejiang Zhongcheng Packing Material Co (SZSE:002522) 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 Zhongcheng Packing Material Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Zhongcheng Packing Material Co (SZSE:002522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zhejiang Zhongcheng Packing Material Co Ltd (SZSE:002522) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO.26 LIU XI Road, Jiashan Economic Development Zone, Jiashan, Zhejiang, CHN, 314100

Website

http://www.zjzhongda.com

Zhejiang Zhongcheng Packing Material Co Ltd is engaged in developing, manufacturing and selling multi-layer co-extruded polyolefin shrink film packaging products. The company's products include Polyolefin Shrink Film, Cross-Linked Shrink Film, Anti Fog Cross-Linked Shrink Film, High-Performance Shrink Film, Printed Film and Special Shrink Film Items.

Executives

Chen Jian	Directors, executives
Huang Xu Sheng	Executives
Ma Li Sheng	Executives
Pan De Xiang	Executives
Hang A Gen	Supervisors
Chu Jun Tao	Securities Affairs Representative
Wu Jun	Directors, Directors, and Executives
Zhao Zhong Ce	Director
Wang Ping	Independent director
Zhan Yue Qiang	Supervisors
Chen Da Kui	Directors, executives

Zhejiang Zhongcheng Packing Material Co (SZSE:002522) Headlines

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