Crystal Clear Electronic Material Co (SZSE:300655) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Crystal Clear 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. Crystal Clear Electronic Material Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Crystal Clear Electronic Material Co's long-term debt to total assets ratio declined from Mar. 2023 (0.15) to Mar. 2024 (0.12). It may suggest that Crystal Clear Electronic Material Co is progressively becoming less dependent on debt to grow their business.

Crystal Clear Electronic Material Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Crystal Clear 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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Crystal Clear Electronic Material Co LT-Debt-to-Total-Asset Chart

Crystal Clear 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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0.23

0.10

0.17

0.16

0.12

Crystal Clear 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															0.15	0.14	0.13	0.12	0.12

Crystal Clear Electronic Material Co LT-Debt-to-Total-Asset Calculation

Crystal Clear 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 )
	=	606.118	/	5039.119
	=	0.12

Crystal Clear 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 )
	=	675.611	/	5469.937
	=	0.12

Crystal Clear Electronic Material Co (SZSE:300655) 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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Crystal Clear Electronic Material Co (SZSE:300655) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Crystal Clear Electronic Material Co Ltd (SZSE:300655) » Definitions » LT-Debt-to-Total-Asset

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Address

No.168, Shanfeng Road, Wuzhong Economic Development Zone, Suzhou, CHN, 215168

Website

http://www.jingrui-chem.com.cn

Suzhou Crystal Clear Chemical Co Ltd produces and sells ultra-purifying materials and other fine chemical products for the microelectronics industry. Its main products include ultra-clean high-purity reagents, photoresist materials, functional materials and lithium battery adhesives, among others. Its products are mainly used in the manufacturing of semiconductors, photovoltaic solar cells, light-emitting diodes (LEDs), and lithium batteries.

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