Jiangsu Sidike New Materials Science and Technology Co LT (SZSE:300806) LT-Debt-to-Total-Asset : 0.27 (As of Sep. 2024)

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What is Jiangsu Sidike New Materials Science and Technology Co LT 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 Sidike New Materials Science and Technology Co LT's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.27.

Jiangsu Sidike New Materials Science and Technology Co LT's long-term debt to total assets ratio declined from Sep. 2023 (0.28) to Sep. 2024 (0.27). It may suggest that Jiangsu Sidike New Materials Science and Technology Co LT is progressively becoming less dependent on debt to grow their business.

Jiangsu Sidike New Materials Science and Technology Co LT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Sidike New Materials Science and Technology Co LT'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 Sidike New Materials Science and Technology Co LT LT-Debt-to-Total-Asset Chart

Jiangsu Sidike New Materials Science and Technology Co LT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.20

0.31

0.27

Jiangsu Sidike New Materials Science and Technology Co LT 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															0.28	0.27	0.28	0.26	0.27

Jiangsu Sidike New Materials Science and Technology Co LT LT-Debt-to-Total-Asset Calculation

Jiangsu Sidike New Materials Science and Technology Co LT'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 )
	=	1914.92	/	7219.27
	=	0.27

Jiangsu Sidike New Materials Science and Technology Co LT'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 )
	=	2001.888	/	7403.561
	=	0.27

Jiangsu Sidike New Materials Science and Technology Co LT (SZSE:300806) 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.

Jiangsu Sidike New Materials Science and Technology Co LT LT-Debt-to-Total-Asset Related Terms

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Jiangsu Sidike New Materials Science and Technology Co LT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Sidike New Materials Science and Technology Co LT (SZSE:300806) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, Shuangyang West Road, Jiangsu Sihong Economic Development Zone, Jiangsu Province, Suqian, CHN

Website

http://www.sidike.com

Jiangsu Sidike New Materials Science and Technology Co LT engages in development, production and sales of functional coating composites. The company produces and sells adhesive tape products, optical film, multi-functional coating composite film; medical equipment, biomedical materials, graphite materials, paper packaging materials among others.

Executives

Yang Bi	Executives
Pan Qiu Jun	Executives
Jin Chuang	Directors, executives
Jiang Xiao Ming	Director
Wu Jiang	Directors, executives
Wang Chao	Executives
Tan Zheng Yong	Supervisors
Wu Xiao Yan	Directors, executives
Zou Na	Executives
Zheng Zhi Ping	Director

Jiangsu Sidike New Materials Science and Technology Co LT Headlines

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