Guangdong Xianglu Tungsten Co (SZSE:002842) LT-Debt-to-Total-Asset : 0.18 (As of Jun. 2024)

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What is Guangdong Xianglu Tungsten 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. Guangdong Xianglu Tungsten Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.18.

Guangdong Xianglu Tungsten Co's long-term debt to total assets ratio increased from Jun. 2023 (0.17) to Jun. 2024 (0.18). It may suggest that Guangdong Xianglu Tungsten Co is progressively becoming more dependent on debt to grow their business.

Guangdong Xianglu Tungsten Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangdong Xianglu Tungsten 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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Guangdong Xianglu Tungsten Co LT-Debt-to-Total-Asset Chart

Guangdong Xianglu Tungsten Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.16

0.20

0.18

0.19

Guangdong Xianglu Tungsten Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.18	0.19	0.19	0.18

Guangdong Xianglu Tungsten Co LT-Debt-to-Total-Asset Calculation

Guangdong Xianglu Tungsten 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 )
	=	405.844	/	2115.003
	=	0.19

Guangdong Xianglu Tungsten Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	367.306	/	2014.283
	=	0.18

Guangdong Xianglu Tungsten Co (SZSE:002842) 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.

Guangdong Xianglu Tungsten Co LT-Debt-to-Total-Asset Related Terms

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Guangdong Xianglu Tungsten Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Guangdong Xianglu Tungsten Co Ltd (SZSE:002842) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Shantou Industrial Zone, Xiangqiao District, Guantang Town, Guangdong Province, Chaozhou, CHN, 515633

Website

http://www.xl-tungsten.com

Guangdong Xianglu Tungsten Co Ltd is engaged in research and development, production and marketing of tungsten products in China. The company has a complete product system of APT, WO3, W, WC Powder and Hard Metal and one of the qualified tungsten exports and suppliers in China. It product portfolio includes Tungstates, Oxides and Acid, Tungsten/Tungsten Carbide Powder and Hardmetal/Cemented Carbide.

Executives

Chen Wei Dong	Directors, executives
Yao Ming Qin	Supervisors
Chen Wei Er	Directors, executives
Yi Jun	Directors, executives
Dai Xiang Ping	Executives

Guangdong Xianglu Tungsten Co Headlines

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