China General Plastics (TPE:1305) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2024)

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What is China General Plastics 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. China General Plastics's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.16.

China General Plastics's long-term debt to total assets ratio declined from Dec. 2023 (0.18) to Dec. 2024 (0.16). It may suggest that China General Plastics is progressively becoming less dependent on debt to grow their business.

China General Plastics LT-Debt-to-Total-Asset Historical Data

The historical data trend for China General Plastics'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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China General Plastics LT-Debt-to-Total-Asset Chart

China General Plastics Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

0.06

0.15

0.18

0.16

China General Plastics Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	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															0.18	0.16	0.15	0.13	0.16

China General Plastics LT-Debt-to-Total-Asset Calculation

China General Plastics'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 )
	=	2949.311	/	18075.076
	=	0.16

China General Plastics'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 )
	=	2949.311	/	18075.076
	=	0.16

China General Plastics (TPE:1305) 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.

China General Plastics LT-Debt-to-Total-Asset Related Terms

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China General Plastics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China General Plastics Corp (TPE:1305) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 37, Jihu Road, 12th Floor, Nei Hu District, Taipei, TWN, 11492

Website

https://www.cgpc.com.tw

China General Plastics Corp is a Taiwan-based company principally engaged in the production and sale of PVC films, PVC leather, PVC pipes, PVC compounds, PVC resins, construction products, chlor- alkali products and other related products.

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