GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Qinghai Salt Lake Industry Co Ltd (SZSE:000792) » Definitions » Liabilities-to-Assets

Qinghailt Lake Industry Co (SZSE:000792) Liabilities-to-Assets : 0.24 (As of Mar. 2024)


View and export this data going back to 1997. Start your Free Trial

What is Qinghailt Lake Industry Co Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Qinghailt Lake Industry Co's Total Liabilities for the quarter that ended in Mar. 2024 was ¥11,318 Mil. Qinghailt Lake Industry Co's Total Assets for the quarter that ended in Mar. 2024 was ¥47,052 Mil. Therefore, Qinghailt Lake Industry Co's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.24.


Qinghailt Lake Industry Co Liabilities-to-Assets Historical Data

The historical data trend for Qinghailt Lake Industry Co's Liabilities-to-Assets 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.

Qinghailt Lake Industry Co Liabilities-to-Assets Chart

Qinghailt Lake Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.29 0.74 0.54 0.32 0.25

Qinghailt Lake Industry Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Liabilities-to-Assets 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 0.29 0.27 0.32 0.25 0.24

Competitive Comparison of Qinghailt Lake Industry Co's Liabilities-to-Assets

For the Agricultural Inputs subindustry, Qinghailt Lake Industry Co's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Qinghailt Lake Industry Co's Liabilities-to-Assets Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Qinghailt Lake Industry Co's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Qinghailt Lake Industry Co's Liabilities-to-Assets falls into.



Qinghailt Lake Industry Co Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Qinghailt Lake Industry Co's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=11716.592/46407.287
=0.25

Qinghailt Lake Industry Co's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as

Liabilities-to-Assets (Q: Mar. 2024 )=Total Liabilities/Total Assets
=11317.734/47051.827
=0.24

* 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.


Qinghailt Lake Industry Co  (SZSE:000792) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Qinghailt Lake Industry Co Liabilities-to-Assets Related Terms

Thank you for viewing the detailed overview of Qinghailt Lake Industry Co's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Qinghailt Lake Industry Co (SZSE:000792) Business Description

Traded in Other Exchanges
N/A
Address
Qinghai Yellow River Road on the 28th, Golmud, CHN, 816000
Qinghai Salt Lake Industry Co Ltd operates in the dry inland Qarhan Salt Lake in Qinghai province. It is engaged in salt lake resource extraction and potash production. The company is engaged in the manufacture of chemical raw materials and chemical products. The company is located in Golmud City, Qinghai Province and is the largest potash fertilizer industrial production base in China.

Qinghailt Lake Industry Co (SZSE:000792) Headlines

No Headlines