Jchx Mining Management Co (SHSE:603979) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Jchx Mining Management 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. Jchx Mining Management Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Jchx Mining Management Co's long-term debt to total assets ratio increased from Mar. 2023 (0.14) to Mar. 2024 (0.15). It may suggest that Jchx Mining Management Co is progressively becoming more dependent on debt to grow their business.

Jchx Mining Management Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jchx Mining Management 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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Jchx Mining Management Co LT-Debt-to-Total-Asset Chart

Jchx Mining Management Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.13

0.11

0.14

0.16

Jchx Mining Management 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															0.14	0.16	0.16	0.16	0.15

Jchx Mining Management Co LT-Debt-to-Total-Asset Calculation

Jchx Mining Management 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 )
	=	2118.831	/	13625.275
	=	0.16

Jchx Mining Management 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 )
	=	2055.064	/	13769.628
	=	0.15

Jchx Mining Management Co (SHSE:603979) 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.

Jchx Mining Management Co LT-Debt-to-Total-Asset Related Terms

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Jchx Mining Management Co (SHSE:603979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jchx Mining Management Co Ltd (SHSE:603979) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 28 Shuiyuan Road, Room 101, Building 1, Economic Development Zone, Miyun County, Beijing, CHN, 101500

Website

http://www.jchxmc.com

Jchx Mining Management Co Ltd is a mining construction company. The Company is engaged in mine development and construction, contract mining and research and development in non-ferrous, ferrous and chemical industries. Currently, the company projects are in Xiadian, Baiyu, Lubambe Copper Mine, Jinfeng Project, and others.

Executives

Wang Qing Hai	Director
Wu Bang Fu	senior management
Meng Zhu Hong	senior management
Li Hong Hui	senior management

Jchx Mining Management Co (SHSE:603979) Headlines

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