GUANGZHOU TINCI MATERIALS TECHNOLOGY CO (SZSE:002709) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)

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What is GUANGZHOU TINCI MATERIALS TECHNOLOGY 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. GUANGZHOU TINCI MATERIALS TECHNOLOGY CO's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

GUANGZHOU TINCI MATERIALS TECHNOLOGY CO's long-term debt to total assets ratio increased from Mar. 2023 (0.16) to Mar. 2024 (0.18). It may suggest that GUANGZHOU TINCI MATERIALS TECHNOLOGY CO is progressively becoming more dependent on debt to grow their business.

GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LT-Debt-to-Total-Asset Historical Data

The historical data trend for GUANGZHOU TINCI MATERIALS TECHNOLOGY 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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GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LT-Debt-to-Total-Asset Chart

GUANGZHOU TINCI MATERIALS TECHNOLOGY CO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.05

0.02

0.16

0.18

GUANGZHOU TINCI MATERIALS TECHNOLOGY 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															0.16	0.18	0.17	0.18	0.18

GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LT-Debt-to-Total-Asset Calculation

GUANGZHOU TINCI MATERIALS TECHNOLOGY 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 )
	=	4227.433	/	23976.87
	=	0.18

GUANGZHOU TINCI MATERIALS TECHNOLOGY 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 )
	=	4242.535	/	23940.612
	=	0.18

GUANGZHOU TINCI MATERIALS TECHNOLOGY CO (SZSE:002709) 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.

GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LT-Debt-to-Total-Asset Related Terms

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GUANGZHOU TINCI MATERIALS TECHNOLOGY CO (SZSE:002709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD (SZSE:002709) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Dongcheng Tablet, Kangda Road, Yunpu Industrial Zone, Huangpu District, Guangdong, Guangzhou, CHN, 510760

Website

https://www.tinci.com

GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD is engaged in the manufacturing and marketing of lithium-ion battery materials. Its main products include electrolytes of Li-ion Battery, Solvents, and Lithium Salts.

Executives

Xu Jin Fu	Directors, executives
Zhao Jing Wei	Director
Xu San Shan	Directors, executives
Gu Bin	Directors, executives
Li Xing Hua	Supervisors
Chen Xun Wu	Director
Xuan Da Yan	Secretary, Director
Zhou Shun Wu	Executives
Zhang Li Ping	Directors, executives
Pan Guo Zhong	Secretary, Director

GUANGZHOU TINCI MATERIALS TECHNOLOGY CO (SZSE:002709) Headlines

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