Zhejiang Xinan Chemical Industrial Group Co (SHSE:600596) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

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What is Zhejiang Xinan Chemical Industrial Group 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. Zhejiang Xinan Chemical Industrial Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Zhejiang Xinan Chemical Industrial Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.09) to Mar. 2024 (0.10). It may suggest that Zhejiang Xinan Chemical Industrial Group Co is progressively becoming more dependent on debt to grow their business.

Zhejiang Xinan Chemical Industrial Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Xinan Chemical Industrial Group 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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Zhejiang Xinan Chemical Industrial Group Co LT-Debt-to-Total-Asset Chart

Zhejiang Xinan Chemical Industrial Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.06

0.09

0.07

0.10

Zhejiang Xinan Chemical Industrial Group 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															0.09	0.09	0.09	0.10	0.10

Zhejiang Xinan Chemical Industrial Group Co LT-Debt-to-Total-Asset Calculation

Zhejiang Xinan Chemical Industrial Group 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 )
	=	2227.273	/	21818.539
	=	0.10

Zhejiang Xinan Chemical Industrial Group 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 )
	=	2410.259	/	24066.4
	=	0.10

Zhejiang Xinan Chemical Industrial Group Co (SHSE:600596) 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.

Zhejiang Xinan Chemical Industrial Group Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Xinan Chemical Industrial Group Co (SHSE:600596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Zhejiang Xinan Chemical Industrial Group Co Ltd (SHSE:600596) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

555 Xin'an Road East, Xin'anjiang, Jiande, Zhejiang, CHN, 311600

Website

http://www.wynca.com

Zhejiang Xinan Chemical Industrial Group Co Ltd is engaged in crop protection products and organic silicon materials. It also manufactures pesticide and fungicides; based on synthesized organic silicon monomers, a complete organic industry chain.

Executives

Ren Bu Fan	Directors, senior managers
Jiang Yong Ping	Directors, senior managers
Pan Qiu You	senior management
Wei Tao	senior management
Zhou Shu Guang	senior management
Wu Jian Hua	Director
Kong Jian An	senior management
Wu Yan Ming	Directors, senior managers
Xu Xi Feng	senior management
Lin Jia Shan	Director
Zhou Wei Xing	senior management
Xu Yong Xin	senior management
Liu Xia	senior management
Fang Jiang Nan	senior management
Ji Cheng Jian	Director

Zhejiang Xinan Chemical Industrial Group Co (SHSE:600596) Headlines

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