Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Jiangsu Shuangxing Color Plastic New Materials 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. Jiangsu Shuangxing Color Plastic New Materials Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Jiangsu Shuangxing Color Plastic New Materials Co's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.02). It may suggest that Jiangsu Shuangxing Color Plastic New Materials Co is progressively becoming less dependent on debt to grow their business.

Jiangsu Shuangxing Color Plastic New Materials Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Shuangxing Color Plastic New Materials 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.

* Premium members only.

Jiangsu Shuangxing Color Plastic New Materials Co LT-Debt-to-Total-Asset Chart

Jiangsu Shuangxing Color Plastic New Materials 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

0.03

0.01

Jiangsu Shuangxing Color Plastic New Materials 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															0.06	0.07	0.07	0.01	0.02

Jiangsu Shuangxing Color Plastic New Materials Co LT-Debt-to-Total-Asset Calculation

Jiangsu Shuangxing Color Plastic New Materials 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 )
	=	138.578	/	13399.975
	=	0.01

Jiangsu Shuangxing Color Plastic New Materials 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 )
	=	229.797	/	13298.902
	=	0.02

Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) 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.

Jiangsu Shuangxing Color Plastic New Materials Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Jiangsu Shuangxing Color Plastic New Materials Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Jiangsu Shuangxing Color Plastic New Materials Co Ltd (SZSE:002585) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Jingtou Street, Suqian City, Jiangsu Province, CHN, 223808

Website

http://www.cpp.com.cn

Jiangsu Shuangxing Color Plastic New Materials Co Ltd is engaged in the development and production of plastic packaging materials in China. Its products include Metallized Film, Ployester Film, Hot Stamping Film, Transfer Film, Card Protection Film, Yarn Grade Film, Decorative Film, Laser Film, Thermal Sealable Film and Solar Film. The company distributes its products in domestic and to overseas markets.

Executives

Ding Yan Sen	Executives
Li Ping	Executives
Zou Xue Mei	Directors, executives
Wu Di	Directors, Directors, and Executives
Sun Hua Bin	Executives
Lu Jing Quan	Executives
Ge Lin	Executives
Pan Jian Zhong	Executives
Wu Pei Fu	Directors, executives
Cao Wei	Director
Lu Jing Chao	Executives

Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) Headlines

No Headlines