Jinsanjiang (Zhaoqing) Silicon Material Co (SZSE:301059) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Jinsanjiang (Zhaoqing) Silicon 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. Jinsanjiang (Zhaoqing) Silicon Material Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Jinsanjiang (Zhaoqing) Silicon Material Co's long-term debt to total assets ratio declined from Sep. 2023 (0.04) to Sep. 2024 (0.03). It may suggest that Jinsanjiang (Zhaoqing) Silicon Material Co is progressively becoming less dependent on debt to grow their business.

Jinsanjiang (Zhaoqing) Silicon Material Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jinsanjiang (Zhaoqing) Silicon 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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Jinsanjiang (Zhaoqing) Silicon Material Co LT-Debt-to-Total-Asset Chart

Jinsanjiang (Zhaoqing) Silicon Material Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.04

Jinsanjiang (Zhaoqing) Silicon Material Co Quarterly Data
	Sep19	Dec19	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															0.04	0.04	0.04	0.04	0.03

Jinsanjiang (Zhaoqing) Silicon Material Co LT-Debt-to-Total-Asset Calculation

Jinsanjiang (Zhaoqing) Silicon 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 )
	=	28.221	/	698.063
	=	0.04

Jinsanjiang (Zhaoqing) Silicon Material 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 )
	=	21.586	/	717.312
	=	0.03

Jinsanjiang (Zhaoqing) Silicon Material Co (SZSE:301059) 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.

Jinsanjiang (Zhaoqing) Silicon Material Co LT-Debt-to-Total-Asset Related Terms

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Jinsanjiang (Zhaoqing) Silicon Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jinsanjiang (Zhaoqing) Silicon Material Co Ltd (SZSE:301059) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 23, Yingbin Avenue, High-tech Zone, Guangdong Province, Zhaoqing, CHN, 526238

Website

http://www.gz-silica.com

Jinsanjiang (Zhaoqing) Silicon Material Co Ltd is engaged in the research and development, production and sales of precipitated silica. Its products are mainly silica for toothpaste.

Executives

Xiang Jian Qiang	Independent director
Xu Jun Hua	Director

Jinsanjiang (Zhaoqing) Silicon Material Co Headlines

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