Zhejiang Kaier New Materials Co (SZSE:300234) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Zhejiang Kaier New Materials 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. Zhejiang Kaier New Materials Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Zhejiang Kaier New Materials Co's long-term debt to total assets ratio declined from Jun. 2023 (0.01) to Jun. 2024 (0.00). It may suggest that Zhejiang Kaier New Materials Co is progressively becoming less dependent on debt to grow their business.

Zhejiang Kaier New Materials Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Kaier New Materials 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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Zhejiang Kaier New Materials Co LT-Debt-to-Total-Asset Chart

Zhejiang Kaier New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.01

Zhejiang Kaier New Materials 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															0.01	0.01	0.01	-	-

Zhejiang Kaier New Materials Co LT-Debt-to-Total-Asset Calculation

Zhejiang Kaier New Materials 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 )
	=	7.008	/	1453.597
	=	0.00

Zhejiang Kaier New Materials 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 )
	=	6.281	/	1405.769
	=	0.00

Zhejiang Kaier New Materials Co (SZSE:300234) 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.

Zhejiang Kaier New Materials Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Kaier New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zhejiang Kaier New Materials Co Ltd (SZSE:300234) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Caozhai Industrial Zone, Jindong District, Jinhua City, Zhejiang Province, CHN, 3210031

Website

http://www.zjke.com

Zhejiang Kaier New Materials Co Ltd is engaged in the research, development, design, production, promotion, manufacture, and sales of functional enamel materials.

Executives

Xing Han Xue	Directors, executives
Wu Jian Ming	Directors, executives
Liu Yong Zhen	Executives
Xing Han Ke	Directors, executives
Zheng Gen Tu	Executives
Cheng Zhi Yong	Directors, executives
Sheng Lei	Securities Affairs Representative
Fu Jian You	Supervisors
Gu Jin Fang	Director

Zhejiang Kaier New Materials Co Headlines

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