Shanghai Zhongzhou Special Alloy Materials Co (SZSE:300963) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Shanghai Zhongzhou Special Alloy 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. Shanghai Zhongzhou Special Alloy Materials Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Shanghai Zhongzhou Special Alloy Materials Co's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.07). It may suggest that Shanghai Zhongzhou Special Alloy Materials Co is progressively becoming more dependent on debt to grow their business.

Shanghai Zhongzhou Special Alloy Materials Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Zhongzhou Special Alloy 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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Shanghai Zhongzhou Special Alloy Materials Co LT-Debt-to-Total-Asset Chart

Shanghai Zhongzhou Special Alloy Materials Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.02

Shanghai Zhongzhou Special Alloy Materials Co 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															-	0.02	0.03	0.06	0.07

Shanghai Zhongzhou Special Alloy Materials Co LT-Debt-to-Total-Asset Calculation

Shanghai Zhongzhou Special Alloy 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 )
	=	26.869	/	1601.149
	=	0.02

Shanghai Zhongzhou Special Alloy Materials Co'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 )
	=	133.642	/	1801.723
	=	0.07

Shanghai Zhongzhou Special Alloy Materials Co (SZSE:300963) 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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Shanghai Zhongzhou Special Alloy Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Zhongzhou Special Alloy Materials Co Ltd (SZSE:300963) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

580 Shisheng Road, Jiading Industrial Zone, Shanghai, CHN, 201815

Website

https://www.alloy-china.com

Shanghai Zhongzhou Special Alloy Materials Co Ltd is engaged in the research, development, production and sales of cobalt-based/nickel-based high-temperature alloy materials and new materials. The company's products include castings, forgings, welding wires, powders, surfacing electrodes, precision machining, welding services, surfacing equipment and others.

Executives

Han Ming	Director
Feng Ming Ming	Director

Shanghai Zhongzhou Special Alloy Materials Co Headlines

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