Anhui Xinke New Materials Co (SHSE:600255) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Anhui Xinke New Materials 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. Anhui Xinke New Materials Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Anhui Xinke New Materials Co's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.03). It may suggest that Anhui Xinke New Materials Co is progressively becoming less dependent on debt to grow their business.

Anhui Xinke New Materials Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Anhui Xinke New Materials 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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Anhui Xinke New Materials Co LT-Debt-to-Total-Asset Chart

Anhui Xinke New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.03

0.04

Anhui Xinke New Materials 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															0.04	0.05	0.04	0.04	0.03

Anhui Xinke New Materials Co LT-Debt-to-Total-Asset Calculation

Anhui Xinke New Materials 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 )
	=	136.256	/	3846.044
	=	0.04

Anhui Xinke New Materials 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 )
	=	129.044	/	4018.239
	=	0.03

Anhui Xinke New Materials Co (SHSE:600255) 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.

Anhui Xinke New Materials Co LT-Debt-to-Total-Asset Related Terms

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Anhui Xinke New Materials Co (SHSE:600255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Anhui Xinke New Materials Co Ltd (SHSE:600255) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 3 Zhujiang Road, Economic and Technological Development Zone, Anhui Province, Wuhu, CHN, 241006

Website

http://www.ahxinke.com

Anhui Xinke New Materials Co Ltd is engaged in development, production and sales of copper-based composite materials, rare and precious metal materials (excluding gold and silver and products), powder metallurgy and special materials, special cables, electrical materials and other new materials.

Executives

Yang Chun Tai	Director
Song Zhi Gang	Director
Wang Sheng	Director
Zhang Xiao Ping	Director
Zhang Long	Director
Hu Ji Rong	Director
Wang Xing Hai	senior management
Fu Jian Gen	Supervisors

Anhui Xinke New Materials Co (SHSE:600255) Headlines

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