Henan Liliang Diamond Co (SZSE:301071) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Henan Liliang Diamond 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. Henan Liliang Diamond Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Henan Liliang Diamond Co's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.05). It may suggest that Henan Liliang Diamond Co is progressively becoming more dependent on debt to grow their business.

Henan Liliang Diamond Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Henan Liliang Diamond 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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Henan Liliang Diamond Co LT-Debt-to-Total-Asset Chart

Henan Liliang Diamond Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.04

0.03

Henan Liliang Diamond Co Quarterly Data
	Dec17	Dec18	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															0.04	0.03	0.05	0.03	0.05

Henan Liliang Diamond Co LT-Debt-to-Total-Asset Calculation

Henan Liliang Diamond 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 )
	=	220.013	/	6540.542
	=	0.03

Henan Liliang Diamond 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 )
	=	320.013	/	6574.087
	=	0.05

Henan Liliang Diamond Co (SZSE:301071) 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.

Henan Liliang Diamond Co LT-Debt-to-Total-Asset Related Terms

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Henan Liliang Diamond Co (SZSE:301071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Henan Liliang Diamond Co Ltd (SZSE:301071) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Industrial Cluster Area, Zhecheng County, Henan Province, Shangqiu, CHN, 476200

Website

http://www.lldia.com

Henan Province Liliang Diamond Co Ltd is engaged in the research and development, production, sales, import and export of synthetic diamond and superhard material products.

Executives

Shao Zeng Ming

Director

Henan Liliang Diamond Co (SZSE:301071) Headlines

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