Sichuan Guoguoang Agrochemicals Co (SZSE:002749) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Sichuan Guoguoang Agrochemicals 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. Sichuan Guoguoang Agrochemicals Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Sichuan Guoguoang Agrochemicals Co's long-term debt to total assets ratio declined from Sep. 2023 (0.13) to Sep. 2024 (0.01). It may suggest that Sichuan Guoguoang Agrochemicals Co is progressively becoming less dependent on debt to grow their business.

Sichuan Guoguoang Agrochemicals Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sichuan Guoguoang Agrochemicals 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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Sichuan Guoguoang Agrochemicals Co LT-Debt-to-Total-Asset Chart

Sichuan Guoguoang Agrochemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.14

0.13

0.12

Sichuan Guoguoang Agrochemicals Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.12	0.13	0.02	0.01

Sichuan Guoguoang Agrochemicals Co LT-Debt-to-Total-Asset Calculation

Sichuan Guoguoang Agrochemicals 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 )
	=	326.351	/	2656.717
	=	0.12

Sichuan Guoguoang Agrochemicals Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	17.697	/	2582.022
	=	0.01

Sichuan Guoguoang Agrochemicals Co (SZSE:002749) 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.

Sichuan Guoguoang Agrochemicals Co LT-Debt-to-Total-Asset Related Terms

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Sichuan Guoguoang Agrochemicals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sichuan Guoguoang Agrochemicals Co Ltd (SZSE:002749) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 899, Beijing Road, Longquanyi District, Sichuan, Chengdu, CHN, 610100

Website

http://www.scggic.com

Sichuan Guoguoang Agrochemicals Co Ltd is engaged in research, development, production, and sales of plant growth regulators and high-efficiency water-soluble fertilizers. Its products mainly used in agricultural planting, horticultural production, garden conservation, forestry plant protection and other fields. The firm exports its products to the United States, Japan, Thailand, Egypt, the Philippines, Vietnam, South Korea.

Executives

He Peng	Directors, executives
Yan Chang Xu	Director
Yan Ya Qi	Directors, executives

Sichuan Guoguoang Agrochemicals Co Headlines

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