Jiangsu Toland Alloy Co (SZSE:300855) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Jiangsu Toland Alloy 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. Jiangsu Toland Alloy Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Jiangsu Toland Alloy Co's long-term debt to total assets ratio increased from Mar. 2023 (0.03) to Mar. 2024 (0.04). It may suggest that Jiangsu Toland Alloy Co is progressively becoming more dependent on debt to grow their business.

Jiangsu Toland Alloy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Toland Alloy 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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Jiangsu Toland Alloy Co LT-Debt-to-Total-Asset Chart

Jiangsu Toland Alloy Co Annual Data

Trend

Dec13

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Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

Jiangsu Toland Alloy 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															0.03	0.02	0.04	0.04	0.04

Jiangsu Toland Alloy Co LT-Debt-to-Total-Asset Calculation

Jiangsu Toland Alloy 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 )
	=	80	/	2188.959
	=	0.04

Jiangsu Toland Alloy 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	/	2271.694
	=	0.04

Jiangsu Toland Alloy Co (SZSE:300855) 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 Toland Alloy Co LT-Debt-to-Total-Asset Related Terms

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Jiangsu Toland Alloy Co (SZSE:300855) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Toland Alloy Co Ltd (SZSE:300855) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.1 Junmin West Road, Yuncheng Canal, Lucheng Town, Jiangsu Province, Danyang, CHN, 212352

Website

http://www.toland-alloy.com

Jiangsu Toland Alloy Co Ltd is engaged in the production and sales of high-performance alloys, precision alloys, special stainless steel and other high-performance alloy materials and their products. The company manufactures, smelts, processes, and sells high-temperature alloys, precision alloys, nickel-chromium materials, high-resistance electrothermal alloys, high-speed tool steels, stainless steels, heat-resistant steels and their products.

Executives

Zhang Tao	Supervisors
Wan Jie	Directors, Directors, and Executives
Yuan Suo Jun	Directors, executives

Jiangsu Toland Alloy Co (SZSE:300855) Headlines

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