Shandong Fengyuan Chemical Co (SZSE:002805) LT-Debt-to-Total-Asset : 0.19 (As of Mar. 2024)

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What is Shandong Fengyuan Chemical 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. Shandong Fengyuan Chemical Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.19.

Shandong Fengyuan Chemical Co's long-term debt to total assets ratio declined from Mar. 2023 (0.22) to Mar. 2024 (0.19). It may suggest that Shandong Fengyuan Chemical Co is progressively becoming less dependent on debt to grow their business.

Shandong Fengyuan Chemical Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shandong Fengyuan Chemical 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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Shandong Fengyuan Chemical Co LT-Debt-to-Total-Asset Chart

Shandong Fengyuan Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.15

0.18

Shandong Fengyuan Chemical 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															0.22	0.19	0.17	0.18	0.19

Shandong Fengyuan Chemical Co LT-Debt-to-Total-Asset Calculation

Shandong Fengyuan Chemical 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 )
	=	1074.194	/	5927.361
	=	0.18

Shandong Fengyuan Chemical 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 )
	=	966.6	/	5143.057
	=	0.19

Shandong Fengyuan Chemical Co (SZSE:002805) 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.

Shandong Fengyuan Chemical Co LT-Debt-to-Total-Asset Related Terms

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Shandong Fengyuan Chemical Co (SZSE:002805) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Fengyuan Chemical Co Ltd (SZSE:002805) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No 1227 Dongshun Road, Taierzhuang Distict, Shandong, Zaozhuang, CHN, 277400

Website

http://www.fengyuanhuaxue.com

Shandong Fengyuan Chemical Co Ltd is engaged in research, development, production and sales of industrial oxalic acid, refined oxalic acid and oxalate series products. Its manufacturing departments include oxalic acid manufacturing department and nitric acid manufacturing department. Its products are widely used in fields such as pharmaceuticals, rare earths, fine chemicals, electronic ceramics, lithium battery cathode materials, textile printing and dyeing.

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