Sichuan Hebang Biotechnology Co (SHSE:603077) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Sichuan Hebang Biotechnology 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. Sichuan Hebang Biotechnology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Sichuan Hebang Biotechnology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.03). It may suggest that Sichuan Hebang Biotechnology Co is progressively becoming more dependent on debt to grow their business.

Sichuan Hebang Biotechnology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sichuan Hebang Biotechnology 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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Sichuan Hebang Biotechnology Co LT-Debt-to-Total-Asset Chart

Sichuan Hebang Biotechnology 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

0.01

0.02

Sichuan Hebang Biotechnology 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	0.02	0.03	0.02	0.03

Sichuan Hebang Biotechnology Co LT-Debt-to-Total-Asset Calculation

Sichuan Hebang Biotechnology 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 )
	=	456.11	/	24542.434
	=	0.02

Sichuan Hebang Biotechnology 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 )
	=	673.837	/	25639.015
	=	0.03

Sichuan Hebang Biotechnology Co (SHSE:603077) 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.

Sichuan Hebang Biotechnology Co LT-Debt-to-Total-Asset Related Terms

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Sichuan Hebang Biotechnology Co (SHSE:603077) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sichuan Hebang Biotechnology Co Ltd (SHSE:603077) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Number 8, Guangfu Road, Building C6, Qingyang District, Sichuan province, Chengdu, CHN, 610073

Website

http://www.hebang.cn

Sichuan Hebang Biotechnology Co Ltd is engaged in manufacturing chemicals. It provides ammonium chloride which is used as raw material for fertilizers. The other chemical products offered by the company are used in various areas.

Executives

Qin Xue Ling	Director
Wang Jun	Director
Mo Rong	Director
He Zheng Gang	Director
Yang Hong Wu	Director
Li Jing Lin	Director
Yang Hui Rong	Director

Sichuan Hebang Biotechnology Co (SHSE:603077) Headlines

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