Guangdong Suqun New Material Co (SZSE:301489) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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What is Guangdong Suqun New 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. Guangdong Suqun New Material Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

Guangdong Suqun New Material Co's long-term debt to total assets ratio increased from Dec. 2023 (0.00) to Dec. 2024 (0.02). It may suggest that Guangdong Suqun New Material Co is progressively becoming more dependent on debt to grow their business.

Guangdong Suqun New Material Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangdong Suqun New 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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Guangdong Suqun New Material Co LT-Debt-to-Total-Asset Chart

Guangdong Suqun New Material Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.05

0.20

0.02

Guangdong Suqun New Material Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.01	0.01	0.02	0.02

Guangdong Suqun New Material Co LT-Debt-to-Total-Asset Calculation

Guangdong Suqun New Material Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	30.638	/	1520.593
	=	0.02

Guangdong Suqun New Material Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	30.638	/	1520.593
	=	0.02

Guangdong Suqun New Material Co (SZSE:301489) 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.

Guangdong Suqun New Material Co LT-Debt-to-Total-Asset Related Terms

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Guangdong Suqun New Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Suqun New Material Co Ltd (SZSE:301489) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2nd Floor, Building A, Jinlei Industrial Park, Jiangbian Village, Qishi Town, Guangdong, Dongguan, CHN, 523507

Website

https://www.suqun-group.com

Guangdong Suqun New Material Co Ltd Is engaged in research & development, production and sales of thermal management materials, magnetic materials, nano protective materials, etc.

Executives

Liao Xiao Fei	Directors, executives
Wu Pan	Directors, executives

Guangdong Suqun New Material Co Headlines

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