Zhongjin Gold (SHSE:600489) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

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What is Zhongjin Gold 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. Zhongjin Gold's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Zhongjin Gold's long-term debt to total assets ratio increased from Mar. 2023 (0.07) to Mar. 2024 (0.10). It may suggest that Zhongjin Gold is progressively becoming more dependent on debt to grow their business.

Zhongjin Gold LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhongjin Gold'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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Zhongjin Gold LT-Debt-to-Total-Asset Chart

Zhongjin Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.09

0.08

0.14

0.10

Zhongjin Gold 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															0.07	0.06	0.10	0.10	0.10

Zhongjin Gold LT-Debt-to-Total-Asset Calculation

Zhongjin Gold'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 )
	=	5374.797	/	52680.243
	=	0.10

Zhongjin Gold'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 )
	=	5563.863	/	55257.688
	=	0.10

Zhongjin Gold (SHSE:600489) 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.

Zhongjin Gold LT-Debt-to-Total-Asset Related Terms

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Zhongjin Gold (SHSE:600489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhongjin Gold Corp Ltd (SHSE:600489) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beijing on the 9th Street, Dongcheng District, Beijing, CHN, 100011

Website

http://www.zjgold.com

Zhongjin Gold Corp Ltd engages in the mining, smelting, and sale of non-ferrous metals in China. Its products include gold, electrolytic silver and copper, sulfuric acid, and other products, as well as iron oxide pigments. The company operates its business in both the domestic and overseas market.

Executives

Xu Hong

Director

Zhongjin Gold (SHSE:600489) Headlines

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