Bengang Steel Plates Co (SZSE:200761) LT-Debt-to-Total-Asset : 0.20 (As of Mar. 2024)

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What is Bengang Steel Plates 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. Bengang Steel Plates Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.20.

Bengang Steel Plates Co's long-term debt to total assets ratio increased from Mar. 2023 (0.17) to Mar. 2024 (0.20). It may suggest that Bengang Steel Plates Co is progressively becoming more dependent on debt to grow their business.

Bengang Steel Plates Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bengang Steel Plates 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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Bengang Steel Plates Co LT-Debt-to-Total-Asset Chart

Bengang Steel Plates Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.16

0.19

0.18

Bengang Steel Plates 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															0.17	0.17	0.18	0.18	0.20

Bengang Steel Plates Co LT-Debt-to-Total-Asset Calculation

Bengang Steel Plates 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 )
	=	9316.301	/	50512.875
	=	0.18

Bengang Steel Plates 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 )
	=	9929.135	/	50053.059
	=	0.20

Bengang Steel Plates Co (SZSE:200761) 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.

Bengang Steel Plates Co LT-Debt-to-Total-Asset Related Terms

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Bengang Steel Plates Co (SZSE:200761) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bengang Steel Plates Co Ltd (SZSE:200761) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

000761:China

Address

No.16, Renmin Road, Pingshan District, Liaoning Province, Benxi, CHN, 117000

Website

http://www.bxsteel.com

Bengang Steel Plates Co Ltd is an iron and steel smelting company. Its products are applied in automobiles, household appliances, petrochemical engineering, machine manufacturing, energy transportation, architectural decoration, metal parts, and various other industries and are exported to more than 60 countries and regions.

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