Nanjing Iron & Steel Co (SHSE:600282) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Nanjing Iron & Steel 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. Nanjing Iron & Steel Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Nanjing Iron & Steel Co's long-term debt to total assets ratio increased from Mar. 2023 (0.10) to Mar. 2024 (0.11). It may suggest that Nanjing Iron & Steel Co is progressively becoming more dependent on debt to grow their business.

Nanjing Iron & Steel Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nanjing Iron & Steel 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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Nanjing Iron & Steel Co LT-Debt-to-Total-Asset Chart

Nanjing Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.06

0.05

0.07

0.12

Nanjing Iron & Steel 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															0.10	0.11	0.12	0.12	0.11

Nanjing Iron & Steel Co LT-Debt-to-Total-Asset Calculation

Nanjing Iron & Steel 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 )
	=	8751.463	/	73176.501
	=	0.12

Nanjing Iron & Steel 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 )
	=	7853.416	/	73256.498
	=	0.11

Nanjing Iron & Steel Co (SHSE:600282) 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.

Nanjing Iron & Steel Co LT-Debt-to-Total-Asset Related Terms

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Nanjing Iron & Steel Co (SHSE:600282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Nanjing Iron & Steel Co Ltd (SHSE:600282) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Dejiadian, Liuhe District, Jiangsu Province, Nanjing, CHN, 210035

Website

http://www.600282.net

Nanjing Iron & Steel Co Ltd is a China-based company engaged in the business of production and selling of steel products. The company produces rolls, bars, high-speed wire, strips and other steel products. The products are used are used in LNG storage and utilization, shipbuilding and marine engineering, high-speed railway, power steel, automotive steel, bridges and other industries. The company sells its products in China and other international countries.

Executives

Tang Rui	senior management
Shao Ren Zhi	senior management
Su Bin	Director
Zhu Rui Rong	Directors, senior managers
Qian Shun Jiang	Director
Zhu Ping	senior management
Xu Xiao Chun	senior management
Zhao Rui Jiang	Supervisors
Huang Yi Xin	Director
Chu Jue Fei	senior management
Chang Jian Hua	senior management
Lin Guo Qiang	senior management
Yu Zhang Lin	senior management
Xu Lin	senior management
Yao Yong Kuan	Directors, senior managers

Nanjing Iron & Steel Co (SHSE:600282) Headlines

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