Fujian Acetron New Materials Co (SZSE:300706) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Fujian Acetron New Materials 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. Fujian Acetron New Materials Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Fujian Acetron New Materials Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.03). It may suggest that Fujian Acetron New Materials Co is progressively becoming more dependent on debt to grow their business.

Fujian Acetron New Materials Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fujian Acetron New Materials 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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Fujian Acetron New Materials Co LT-Debt-to-Total-Asset Chart

Fujian Acetron New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.08

0.06

0.02

0.03

Fujian Acetron New Materials 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															0.02	0.02	0.02	0.03	0.03

Fujian Acetron New Materials Co LT-Debt-to-Total-Asset Calculation

Fujian Acetron New Materials 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 )
	=	56.926	/	1686.355
	=	0.03

Fujian Acetron New Materials 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 )
	=	52.13	/	1781.287
	=	0.03

Fujian Acetron New Materials Co (SZSE:300706) 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.

Fujian Acetron New Materials Co LT-Debt-to-Total-Asset Related Terms

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Fujian Acetron New Materials Co (SZSE:300706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Fujian Acetron New Materials Co Ltd (SZSE:300706) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Hangcheng Street, No.169, Taipingli, Qinjiang Village, Fujian Province, Changle, CHN, 350200

Website

http://www.acetron.com.cn

Fujian Acetron New Materials Co Ltd is engaged in research and development, production and sale of coating materials. The company mainly produces vacuum evaporation and sputter coating materials for optics, semiconductors, flat-panel displays and surface decoration. Its products are widely used in flat panel display, optical components, energy-saving glass and other fields. The company's products are distributed all over the world and are primarily exported to the developed countries such as Japan, the United States, Germany and Korea.

Executives

Chen Zheng Wei	Director
Chen Qin Zhong	Directors, executives
Chen Ben Song	Directors, executives

Fujian Acetron New Materials Co (SZSE:300706) Headlines

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