Ningbo Bohui Chemical Technology Co (SZSE:300839) LT-Debt-to-Total-Asset : 0.28 (As of Mar. 2024)

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What is Ningbo Bohui Chemical Technology 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. Ningbo Bohui Chemical Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.28.

Ningbo Bohui Chemical Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.19) to Mar. 2024 (0.28). It may suggest that Ningbo Bohui Chemical Technology Co is progressively becoming more dependent on debt to grow their business.

Ningbo Bohui Chemical Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ningbo Bohui Chemical Technology 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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Ningbo Bohui Chemical Technology Co LT-Debt-to-Total-Asset Chart

Ningbo Bohui Chemical Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.15

0.08

0.19

0.22

Ningbo Bohui Chemical Technology 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															0.19	0.17	0.16	0.22	0.28

Ningbo Bohui Chemical Technology Co LT-Debt-to-Total-Asset Calculation

Ningbo Bohui Chemical Technology 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 )
	=	454.353	/	2111.199
	=	0.22

Ningbo Bohui Chemical Technology 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 )
	=	721.003	/	2622.321
	=	0.27

Ningbo Bohui Chemical Technology Co (SZSE:300839) 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.

Ningbo Bohui Chemical Technology Co LT-Debt-to-Total-Asset Related Terms

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Ningbo Bohui Chemical Technology Co (SZSE:300839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ningbo Bohui Chemical Technology Co Ltd (SZSE:300839) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.199 Taixing Road, Petrochemical Economic and Technological Development Zone, Zhejiang Province, Ningbo, CHN, 315207

Website

http://www.bhpcc.com

Ningbo Bohui Chemical Technology Co Ltd is engaged in research, development, production and sales of heavy aromatic hydrocarbon series products and light fuel oil. The company uses extraction technology and uses fuel oil as a raw material for deep processing, extending the industrial chain, increasing the added value of fuel oil, and turning it into waste. It produces and sells aromatic hydrocarbon series products such as rubber additives, plastic additives, asphalt additives, lubricant additives, and light fuel oil. Its application scope of products mainly covers the fields of rubber processing, asphalt processing and lubricating oil processing.

Executives

You Dan Hong	Directors, Directors, and Executives
Xiang Mei Jiao	Directors, executives
Wang Lv	Directors, executives

Ningbo Bohui Chemical Technology Co (SZSE:300839) Headlines

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