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Shandong Sinocera Functional Material Co (SZSE:300285) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)


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What is Shandong Sinocera Functional Material 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 Sinocera Functional Material Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Shandong Sinocera Functional Material Co's long-term debt to total assets ratio increased from Sep. 2023 (0.03) to Sep. 2024 (0.05). It may suggest that Shandong Sinocera Functional Material Co is progressively becoming more dependent on debt to grow their business.

Shandong Sinocera Functional Material Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shandong Sinocera Functional Material 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 Sinocera Functional Material Co LT-Debt-to-Total-Asset Chart

Shandong Sinocera Functional Material Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 - - 0.01 0.04

Shandong Sinocera Functional Material 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.04 0.03 0.04 0.05

Shandong Sinocera Functional Material Co LT-Debt-to-Total-Asset Calculation

Shandong Sinocera Functional Material 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 )
=311.246/8779.637
=0.04

Shandong Sinocera Functional Material 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 )
=432.749/9219.559
=0.05

* 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.

Shandong Sinocera Functional Material Co  (SZSE:300285) 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 Sinocera Functional Material Co LT-Debt-to-Total-Asset Related Terms

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Shandong Sinocera Functional Material Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Sinocera Functional Material Co Ltd (SZSE:300285) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SHSE:688295 SHSE:603826 SZSE:000703 SZSE:300054 SZSE:000830 SZSE:002568 SHSE:600873 SHSE:600143 SZSE:300395 SHSE:603650 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
No. 24 Liaohe Road, Dongying District, Shandong Province, Dongying, CHN, 257091
Website
http://www.sinocera.cn/
Shandong Sinocera Functional Material Co Ltd is mainly engaged in the research and development, production and sales of novel materials. The main products include multilayer ceramic capacitors, electronic ceramic materials, nano-scale composite zirconia materials, high-purity ultra-fine alumina materials, ceramic ink materials for inkjet printing, electronic pastes, honeycomb ceramics, and ceramic balls. Its products are mainly applied in an electronic information and communication, biomedical, new energy vehicles, architectural ceramics and modern high-tech fields such as porcelain, automotive and industrial catalysis, solar photovoltaic, and aerospace.
Executives
Zhang Xi Director
Zhang Bing Directors, executives
Wang Zhong Supervisors
Wang Xiao Hong Supervisors
Xu Shao Mei Directors, executives
Zhao Hong Yan Securities Affairs Representative
Liu Mei Na Director
Song Xi Bin Executives
Si Liu Qi Executives

Shandong Sinocera Functional Material Co Headlines

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