Jiangsu Nata Opto-electronic Material Co (SZSE:300346) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Jiangsu Nata Opto-electronic 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. Jiangsu Nata Opto-electronic Material Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Jiangsu Nata Opto-electronic Material Co's long-term debt to total assets ratio declined from Mar. 2023 (0.22) to Mar. 2024 (0.21). It may suggest that Jiangsu Nata Opto-electronic Material Co is progressively becoming less dependent on debt to grow their business.

Jiangsu Nata Opto-electronic Material Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Nata Opto-electronic 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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Jiangsu Nata Opto-electronic Material Co LT-Debt-to-Total-Asset Chart

Jiangsu Nata Opto-electronic Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.21

0.20

Jiangsu Nata Opto-electronic Material 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															0.22	0.21	0.21	0.20	0.21

Jiangsu Nata Opto-electronic Material Co LT-Debt-to-Total-Asset Calculation

Jiangsu Nata Opto-electronic 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 )
	=	1169.738	/	5736.67
	=	0.20

Jiangsu Nata Opto-electronic Material 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 )
	=	1179.836	/	5722.468
	=	0.21

Jiangsu Nata Opto-electronic Material Co (SZSE:300346) 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.

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Jiangsu Nata Opto-electronic Material Co (SZSE:300346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Nata Opto-electronic Material Co Ltd (SZSE:300346) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Cuiwei Street, 7th Floor, Moon Bay International Center, Suzhou Industrial Park, Suzhou, CHN, 215021

Website

http://www.natachem.com

Jiangsu Nata Opto-electronic Material Co Ltd develops, manufactures and sells photoelectric new material high-purity metal organic source. The company's main products include trimethyl gallium, trimethyl indium, and trimethyl aluminum.

Executives

Zhang Xing Guo	Director
Ji Min Kun	Executives
Chen Hua Bing	Executives
Fang De Cai	Independent director
Su Yong Qin	Executives
Zhang Jian Fu	Directors, executives
Feng Jian Song	Directors, executives
Shen Jie	Director
Sun Xiang Zhen	Directors, executives
Di Li	Director
Cai Yan Xin	Supervisors

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