Fujian Newchoice Pipe Technology Co (SZSE:300198) LT-Debt-to-Total-Asset : 0.23 (As of Sep. 2024)

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What is Fujian Newchoice Pipe Technology 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. Fujian Newchoice Pipe Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.23.

Fujian Newchoice Pipe Technology Co's long-term debt to total assets ratio increased from Sep. 2023 (0.21) to Sep. 2024 (0.23). It may suggest that Fujian Newchoice Pipe Technology Co is progressively becoming more dependent on debt to grow their business.

Fujian Newchoice Pipe Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fujian Newchoice Pipe Technology 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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Fujian Newchoice Pipe Technology Co LT-Debt-to-Total-Asset Chart

Fujian Newchoice Pipe Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.17

0.18

0.23

Fujian Newchoice Pipe Technology 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															0.21	0.23	0.23	0.22	0.23

Fujian Newchoice Pipe Technology Co LT-Debt-to-Total-Asset Calculation

Fujian Newchoice Pipe Technology 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 )
	=	650.474	/	2832.973
	=	0.23

Fujian Newchoice Pipe Technology 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 )
	=	612.222	/	2709.689
	=	0.23

Fujian Newchoice Pipe Technology Co (SZSE:300198) 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.

Fujian Newchoice Pipe Technology Co LT-Debt-to-Total-Asset Related Terms

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Fujian Newchoice Pipe Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fujian Newchoice Pipe Technology Co Ltd (SZSE:300198) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.666 Xiahe Road, 25F,Haiyi Building A, Siming District, Xiamen, CHN, 362000

Website

http://www.nachuan.com

Fujian Newchoice Pipe Technology Co Ltd operates as a high-tech environmental protection industry group in China. Its business covers new energy vehicles, PPP investment construction, and green environmental protection pipes. Its products include High-density polyethylene (HDPE) wound structure wall tube, Steel skeleton polyethylene (PE) plastic composite pipe and FRP sand pipe.

Executives

Zhang Xiao Li	Supervisors
Liu Rong Xuan	Director
Xiao Ren Jian	Directors, executives
Chen Zhi Jiang	Directors, executives
Chen Zhang Quan	Securities Affairs Representative
Cai Qiu Lin	Supervisors
Cai Le Min	Directors, executives
Liu Yu Lin	Director
Fu Yi Ying	Directors, executives
Xu Wan Jiao	Securities Affairs Representative
Yang Hui	Secretary, Director
Wang Li Qun	Executives
Zhang Ping	Executives

Fujian Newchoice Pipe Technology Co Headlines

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