Shida Shinghwa Advanced Material Group Co (SHSE:603026) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Shida Shinghwa Advanced Material 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. Shida Shinghwa Advanced Material Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Shida Shinghwa Advanced Material Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.06) to Mar. 2024 (0.21). It may suggest that Shida Shinghwa Advanced Material Group Co is progressively becoming more dependent on debt to grow their business.

Shida Shinghwa Advanced Material Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shida Shinghwa Advanced Material 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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Shida Shinghwa Advanced Material Group Co LT-Debt-to-Total-Asset Chart

Shida Shinghwa Advanced Material Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.08

Shida Shinghwa Advanced Material 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															0.06	0.06	0.06	0.08	0.21

Shida Shinghwa Advanced Material Group Co LT-Debt-to-Total-Asset Calculation

Shida Shinghwa Advanced Material 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 )
	=	574.865	/	7276.162
	=	0.08

Shida Shinghwa Advanced Material 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 )
	=	1742.275	/	8355.184
	=	0.21

Shida Shinghwa Advanced Material Group Co (SHSE:603026) 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.

Shida Shinghwa Advanced Material Group Co LT-Debt-to-Total-Asset Related Terms

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Shida Shinghwa Advanced Material Group Co (SHSE:603026) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shida Shinghwa Advanced Material Group Co Ltd (SHSE:603026) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 198, Tongxing Road, Kenli District, Shandong Province, Dongying, CHN, 257503

Website

http://www.sinodmc.com

Shinghwa Advanced Material Group Co Ltd is engaged in the new energy materials business and basic chemical business.

Executives

Yu Hai Ming	Director
Ding Wei Tao	senior management
Lv Jun Qi	senior management
Song Hui Bao	senior management
Zheng Jun	senior management
Guo Tian Ming	Director
Zhang Zhong Xiang	Director
Meng Fan Song	Director
Sun Wu	senior management

Shida Shinghwa Advanced Material Group Co (SHSE:603026) Headlines

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