Chongqing Shunbo Aluminum Co (SZSE:002996) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2025)

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What is Chongqing Shunbo Aluminum 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. Chongqing Shunbo Aluminum Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2025 was 0.09.

Chongqing Shunbo Aluminum Co's long-term debt to total assets ratio declined from Mar. 2024 (0.12) to Mar. 2025 (0.09). It may suggest that Chongqing Shunbo Aluminum Co is progressively becoming less dependent on debt to grow their business.

Chongqing Shunbo Aluminum Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chongqing Shunbo Aluminum 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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Chongqing Shunbo Aluminum Co LT-Debt-to-Total-Asset Chart

Chongqing Shunbo Aluminum Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

0.16

0.10

0.08

Chongqing Shunbo Aluminum Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.12	0.09	0.08	0.09

Chongqing Shunbo Aluminum Co LT-Debt-to-Total-Asset Calculation

Chongqing Shunbo Aluminum 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 )
	=	1011.917	/	12991.406
	=	0.08

Chongqing Shunbo Aluminum Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2025 is calculated as

LT Debt to Total Assets (Q: Mar. 2025 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2025 )	/	Total Assets (Q: Mar. 2025 )
	=	1192.557	/	12788.559
	=	0.09

Chongqing Shunbo Aluminum Co (SZSE:002996) 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.

Chongqing Shunbo Aluminum Co LT-Debt-to-Total-Asset Related Terms

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Chongqing Shunbo Aluminum Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Chongqing Shunbo Aluminum Co Ltd (SZSE:002996) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Caojie Development Park, Hechuan District, Chongqing, CHN, 402760

Website

http://www.soonbest.com

Chongqing Shunbo Aluminum Co Ltd formerly known as Chongqing Soonbest Aluminum Alloy Co Ltd is engaged in production and sales of secondary aluminum alloy ingots. The company produces and sells aluminum alloy ingots for auto parts, motorcycle parts; metal materials, mechanical and electrical products, building materials, industrial silicon.

Executives

Wang Qi	Director
Wang Zhen Jian	Director
Wang Zeng Chao	Directors, executives
Luo Le	Supervisors
Wang Hui	Directors, Directors, and Executives

Chongqing Shunbo Aluminum Co Headlines

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