Jinduicheng Molybdenum Co (SHSE:601958) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Jinduicheng Molybdenum 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. Jinduicheng Molybdenum Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Jinduicheng Molybdenum Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that Jinduicheng Molybdenum Co is progressively becoming less dependent on debt to grow their business.

Jinduicheng Molybdenum Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jinduicheng Molybdenum 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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Jinduicheng Molybdenum Co LT-Debt-to-Total-Asset Chart

Jinduicheng Molybdenum Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.01

Jinduicheng Molybdenum 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															0.01	-	-	-	-

Jinduicheng Molybdenum Co LT-Debt-to-Total-Asset Calculation

Jinduicheng Molybdenum 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 )
	=	57.989	/	18292.393
	=	0.00

Jinduicheng Molybdenum 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 )
	=	48.764	/	19003.43
	=	0.00

Jinduicheng Molybdenum Co (SHSE:601958) 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.

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Jinduicheng Molybdenum Co (SHSE:601958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jinduicheng Molybdenum Co Ltd (SHSE:601958) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

88, Jinye Road, Hi-Tech Industrial Development Zone, Shanxi, Xi'an, CHN, 710077

Website

http://www.jdcmoly.com

Jinduicheng Molybdenum Co Ltd is engaged in production and sale of molybdenum. The activities of the company include molybdenum mining, beneficiation, smelting, chemical and metal deep processing. The products of the company include molybdenum metallurgy charge, molybdenum chemical industry, and molybdenum metal processing.

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