GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Ruitai New Energy Materials Co Ltd (SZSE:301238) » Definitions » LT-Debt-to-Total-Asset

Jiangsu Ruitai New Energy Materials Co (SZSE:301238) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Jiangsu Ruitai New Energy 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. Jiangsu Ruitai New Energy Materials Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Jiangsu Ruitai New Energy Materials Co's long-term debt to total assets ratio stayed the same from Sep. 2023 (0.06) to Sep. 2024 (0.06).


Jiangsu Ruitai New Energy Materials Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Ruitai New Energy 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.

* Premium members only.

Jiangsu Ruitai New Energy Materials Co LT-Debt-to-Total-Asset Chart

Jiangsu Ruitai New Energy Materials Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.01 - - - 0.07

Jiangsu Ruitai New Energy Materials Co Quarterly Data
Dec18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.07 0.07 0.06 0.06

Jiangsu Ruitai New Energy Materials Co LT-Debt-to-Total-Asset Calculation

Jiangsu Ruitai New Energy 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 )
=707.046/10947.747
=0.06

Jiangsu Ruitai New Energy 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 )
=630.57/9856.646
=0.06

* 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.


Jiangsu Ruitai New Energy Materials Co  (SZSE:301238) 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 Ruitai New Energy Materials Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Jiangsu Ruitai New Energy Materials Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Jiangsu Ruitai New Energy Materials Co Business Description

Traded in Other Exchanges
N/A
Address
Textile Raw Materials Market, Room 216-2635, Free Trade Zone, Jiangsu Province, Zhangjiagang, CHN, 215600
Jiangsu Ruitai New Energy Materials Co Ltd is engaged in the research and development,, production and sales of lithium-ion battery materials and new chemical materials such as silane coupling agents.

Jiangsu Ruitai New Energy Materials Co Headlines

No Headlines