Shandong Ruifeng Chemical Co (SZSE:300243) LT-Debt-to-Total-Asset : 0.20 (As of Sep. 2024)

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What is Shandong Ruifeng Chemical 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. Shandong Ruifeng Chemical Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.20.

Shandong Ruifeng Chemical Co's long-term debt to total assets ratio declined from Sep. 2023 (0.20) to Sep. 2024 (0.20). It may suggest that Shandong Ruifeng Chemical Co is progressively becoming less dependent on debt to grow their business.

Shandong Ruifeng Chemical Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shandong Ruifeng Chemical 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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Shandong Ruifeng Chemical Co LT-Debt-to-Total-Asset Chart

Shandong Ruifeng Chemical Co Annual Data

Trend

Dec14

Dec15

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.19

0.20

Shandong Ruifeng Chemical 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															0.20	0.20	0.24	0.22	0.20

Shandong Ruifeng Chemical Co LT-Debt-to-Total-Asset Calculation

Shandong Ruifeng Chemical 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 )
	=	425.751	/	2173.703
	=	0.20

Shandong Ruifeng Chemical 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 )
	=	474.214	/	2345.358
	=	0.20

Shandong Ruifeng Chemical Co (SZSE:300243) 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.

Shandong Ruifeng Chemical Co LT-Debt-to-Total-Asset Related Terms

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Shandong Ruifeng Chemical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Ruifeng Chemical Co Ltd (SZSE:300243) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yiyuan Economic Development Zone, Shandong, Zibo, CHN, 256100

Website

http://www.ruifengchemical.com

Shandong Ruifeng Chemical Co Ltd is engaged in the research, development, manufacture, and sales of PVC auxiliaries. The products of the company are acrylate impact modifier, impact modifier MBS resin, and ultra-high molecular weight PVC foaming regulator.

Executives

Tang Chuan Xun	Director
Song Zhi Gang	Directors, executives
Ding Feng	Supervisors
Shao Ze Heng	Director
Qi Yuan Yu	Supervisors
Xu Yue Ling	Executives
Zhao Zi Yang	Secretary Dong
Zhu Xi Hai	Securities Affairs Representative
Zhou Hai	Directors, executives
Liu Chun Xin	Executives
Zhang Rong Xing	Executives
Zhou Shi Bin	Director
Cai Cheng Yu	Directors, executives
Zhang Lin	Directors, Directors, and Executives
Sang Pei Zhou	Directors, executives

Shandong Ruifeng Chemical Co Headlines

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