Shandong Head Group Co (SZSE:002810) LT-Debt-to-Total-Asset : 0.16 (As of Sep. 2024)

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What is Shandong Head Group 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 Head Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.16.

Shandong Head Group Co's long-term debt to total assets ratio increased from Sep. 2023 (0.16) to Sep. 2024 (0.16). It may suggest that Shandong Head Group Co is progressively becoming more dependent on debt to grow their business.

Shandong Head Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shandong Head Group 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 Head Group Co LT-Debt-to-Total-Asset Chart

Shandong Head Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.03

0.07

0.11

0.16

Shandong Head Group 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															0.16	0.16	0.16	0.16	0.16

Shandong Head Group Co LT-Debt-to-Total-Asset Calculation

Shandong Head Group 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 )
	=	588.879	/	3792.528
	=	0.16

Shandong Head Group 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 )
	=	634.4	/	3935.812
	=	0.16

Shandong Head Group Co (SZSE:002810) 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 Head Group Co LT-Debt-to-Total-Asset Related Terms

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Shandong Head Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Head Group Co Ltd (SZSE:002810) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999 Heda Road, Shandong Province, Zhoucun District, Zibo, CHN, 255300

Website

http://www.sdhead.com

Shandong Head Group Co Ltd is engaged in research and development, production and sales of water-soluble polymer compounds. Its products include cellulose ether series products, graphite chemical equipment, HPMC plant capsules, trimethyl orthoacetate, diacetone acrylamide. The company has two production divisions, the Cellulose Ether Division and the Graphite Equipment Division.

Executives

Bi Song Ling	Directors, Directors, and Executives
Qiu Jian Jun	Executives
Yang Bing Sheng	Executives
Bi Si Xin	Executives
Yang Bing Gang	Director
Tan Zai Ying	Directors, executives
Cui Ling	Executives
Hu Li Li	Securities Affairs Representative
Bi Xin De	Director
Bi Yu Zhuang	Supervisors

Shandong Head Group Co Headlines

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