Shenzhen Cotran New Material Co (SZSE:300731) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Shenzhen Cotran New 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. Shenzhen Cotran New Material Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Shenzhen Cotran New Material Co's long-term debt to total assets ratio declined from Mar. 2023 (0.11) to Mar. 2024 (0.08). It may suggest that Shenzhen Cotran New Material Co is progressively becoming less dependent on debt to grow their business.

Shenzhen Cotran New Material Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Cotran New 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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Shenzhen Cotran New Material Co LT-Debt-to-Total-Asset Chart

Shenzhen Cotran New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.13

0.11

0.06

Shenzhen Cotran New 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															0.11	0.10	0.07	0.06	0.08

Shenzhen Cotran New Material Co LT-Debt-to-Total-Asset Calculation

Shenzhen Cotran New 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 )
	=	64.772	/	1011.331
	=	0.06

Shenzhen Cotran New 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 )
	=	80.369	/	1016.344
	=	0.08

Shenzhen Cotran New Material Co (SZSE:300731) 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.

Shenzhen Cotran New Material Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Cotran New Material Co (SZSE:300731) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Cotran New Material Co Ltd (SZSE:300731) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3333, Guangdong, Guangdong Road, Guangming New District, Shenzhen, CHN, 518107

Website

http://www.cotran.cn

Shenzhen Cotran New Material Co Ltd is a manufacturer of waterproof and sealing insulation products. It is also engaged in providing insulating, connecting solutions for telecom, power utilities, mining, automobile, and marine industries. The product portfolio of the company comprises of Silicone Rubber Electrical Tape, Fire Proofing Tape, Ultra-high Voltage Insulating Tape and Water Proofing Insulating Tape.

Executives

Zhang Shu Xiang	Director
Zhu Dong Dong	Executives
Tang Tang	Directors, executives
You Jun Zhi	Executives
Zhou Dong	Directors, executives

Shenzhen Cotran New Material Co (SZSE:300731) Headlines

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