Zhejiang Chinastars New Materials Group Co (SZSE:301077) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Zhejiang Chinastars New Materials Group 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. Zhejiang Chinastars New Materials Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Zhejiang Chinastars New Materials Group Co's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.00). It may suggest that Zhejiang Chinastars New Materials Group Co is progressively becoming less dependent on debt to grow their business.

Zhejiang Chinastars New Materials Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Chinastars New Materials Group 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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Zhejiang Chinastars New Materials Group Co LT-Debt-to-Total-Asset Chart

Zhejiang Chinastars New Materials Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.01

Zhejiang Chinastars New Materials Group 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															0.01	0.01	-	-	-

Zhejiang Chinastars New Materials Group Co LT-Debt-to-Total-Asset Calculation

Zhejiang Chinastars New Materials Group 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 )
	=	8.353	/	1776.956
	=	0.00

Zhejiang Chinastars New Materials Group 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 )
	=	6.39	/	1934.317
	=	0.00

Zhejiang Chinastars New Materials Group Co (SZSE:301077) 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.

Zhejiang Chinastars New Materials Group Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Chinastars New Materials Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Chinastars New Materials Group Co Ltd (SZSE:301077) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Phoenix Mountain, Caoqiao Village, Jingshan Town, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311116

Website

https://www.chinastars.com.cn

Zhejiang Chinastars New Materials Group Co Ltd formerly Hangzhou Chinastars Reflective Material Co Ltd is engaged in the research and development, design, production and sales of reflective materials and products.

Zhejiang Chinastars New Materials Group Co Headlines

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