Henan Qingshuiyuan Technology Co (SZSE:300437) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)

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What is Henan Qingshuiyuan 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. Henan Qingshuiyuan Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

Henan Qingshuiyuan Technology Co's long-term debt to total assets ratio increased from Sep. 2023 (0.09) to Sep. 2024 (0.14). It may suggest that Henan Qingshuiyuan Technology Co is progressively becoming more dependent on debt to grow their business.

Henan Qingshuiyuan Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Henan Qingshuiyuan 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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Henan Qingshuiyuan Technology Co LT-Debt-to-Total-Asset Chart

Henan Qingshuiyuan Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.17

0.04

0.06

0.13

Henan Qingshuiyuan 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															0.09	0.13	0.14	0.13	0.14

Henan Qingshuiyuan Technology Co LT-Debt-to-Total-Asset Calculation

Henan Qingshuiyuan 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 )
	=	359.818	/	2812.299
	=	0.13

Henan Qingshuiyuan 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 )
	=	362.757	/	2586.462
	=	0.14

Henan Qingshuiyuan Technology Co (SZSE:300437) 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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Henan Qingshuiyuan Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Henan Qingshuiyuan Technology Co Ltd (SZSE:300437) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

East of 207 National Road, Yucheng Town, Henan Province, Jiyuan City, CHN, 454650

Website

http://www.qywt.com.cn

Henan Qingshuiyuan Technology Co Ltd is engaged in the production and research and development of scale inhibitors, dispersants, bacterial preservatives, metal ion chelating agents, and daily chemical additives.

Executives

Wang Lin	Executives
Yang Li Juan	Executives
Zhu Xiao Jun	Secretary, Director
Wang Zhi Qing	Director

Henan Qingshuiyuan Technology Co Headlines

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