Chifeng Jilong Gold Mining Co (SHSE:600988) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Chifeng Jilong Gold Mining 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. Chifeng Jilong Gold Mining Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Chifeng Jilong Gold Mining Co's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.08). It may suggest that Chifeng Jilong Gold Mining Co is progressively becoming less dependent on debt to grow their business.

Chifeng Jilong Gold Mining Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chifeng Jilong Gold Mining 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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Chifeng Jilong Gold Mining Co LT-Debt-to-Total-Asset Chart

Chifeng Jilong Gold Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.09

Chifeng Jilong Gold Mining Co Quarterly Data
	Jun19	Sep19	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															0.09	0.09	0.08	0.09	0.08

Chifeng Jilong Gold Mining Co LT-Debt-to-Total-Asset Calculation

Chifeng Jilong Gold Mining 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 )
	=	1629.194	/	18717.793
	=	0.09

Chifeng Jilong Gold Mining 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 )
	=	1517.678	/	18853.033
	=	0.08

Chifeng Jilong Gold Mining Co (SHSE:600988) 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.

Chifeng Jilong Gold Mining Co LT-Debt-to-Total-Asset Related Terms

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Chifeng Jilong Gold Mining Co (SHSE:600988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Chifeng Jilong Gold Mining Co Ltd (SHSE:600988) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yulong Street, Zone 1, Block B, Jindi Business Building, Songshan District, Inner Mongolia, Chifeng, CHN

Website

http://www.600988.com.cn

Chifeng Jilong Gold Mining Co Ltd is engaged in gold mining and resource recovery and utilization. The main products are gold, silver, antimony, palladium, rhodium and other rare metals. Geographically it operates through China.

Executives

Wang Jian Hua	Director
Fu Xue Sheng	Director
Zhou Xin Bing	senior management
Gao Bo	Directors, senior managers
Lv Xiao Zhao	Directors, senior managers
Dong Shu Bao	senior management
Zhao Qiang	Director
Li Jin Qian	Director
Zhang Lei	Supervisors
Tan Xiong Yu	Director
Zhao Mei Guang	Director
Wu Pei Qing	Director

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