Shenzhen Prince New Materials Co (SZSE:002735) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2024)

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What is Shenzhen Prince 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. Shenzhen Prince New Materials Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.01.

Shenzhen Prince New Materials Co's long-term debt to total assets ratio declined from Dec. 2023 (0.03) to Dec. 2024 (0.01). It may suggest that Shenzhen Prince New Materials Co is progressively becoming less dependent on debt to grow their business.

Shenzhen Prince New Materials Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Prince 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.

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Shenzhen Prince New Materials Co LT-Debt-to-Total-Asset Chart

Shenzhen Prince New Materials Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.03

0.06

0.03

0.01

Shenzhen Prince New Materials Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.02	0.02	0.01	0.01

Shenzhen Prince New Materials Co LT-Debt-to-Total-Asset Calculation

Shenzhen Prince New Materials Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	21.064	/	3190.551
	=	0.01

Shenzhen Prince New Materials Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	21.064	/	3190.551
	=	0.01

Shenzhen Prince New Materials Co (SZSE:002735) 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.

Shenzhen Prince New Materials Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Prince New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shenzhen Prince New Materials Co Ltd (SZSE:002735) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Industrial Park, No. 4, Fenjin Road, Longhua Street, Longhua District, Shenzhen, CHN, 518109

Website

http://www.szwzxc.com

Shenzhen Prince New Materials Co Ltd is engaged in the research and development, production and sales of plastic packaging materials. Its products include plastic packaging film, Packaging materials such as plastic trays and plastic cushioning materials are mainly used in electronic products such as computers, smartphones, and household appliances. It is a supplier of environmentally friendly packaging materials in China.

Executives

Qu Le Ming	Executives
Cai Hua	Directors, executives
Wang Wu Jun	Directors, executives
Wang Jin Jun	Directors, executives
Luo Zhong Fang	Directors, Directors, and Executives

Shenzhen Prince New Materials Co Headlines

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