Hubei Shuanghuan Science And Technology Stock Co (SZSE:000707) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Hubei Shuanghuan Science And Technology Stock 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. Hubei Shuanghuan Science And Technology Stock Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Hubei Shuanghuan Science And Technology Stock Co's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.07). It may suggest that Hubei Shuanghuan Science And Technology Stock Co is progressively becoming less dependent on debt to grow their business.

Hubei Shuanghuan Science And Technology Stock Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hubei Shuanghuan Science And Technology Stock 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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Hubei Shuanghuan Science And Technology Stock Co LT-Debt-to-Total-Asset Chart

Hubei Shuanghuan Science And Technology Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.44

0.21

0.08

0.06

Hubei Shuanghuan Science And Technology Stock 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	0.15	0.14	0.06	0.07

Hubei Shuanghuan Science And Technology Stock Co LT-Debt-to-Total-Asset Calculation

Hubei Shuanghuan Science And Technology Stock 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 )
	=	169.228	/	3013.436
	=	0.06

Hubei Shuanghuan Science And Technology Stock 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 )
	=	216.228	/	3171.081
	=	0.07

Hubei Shuanghuan Science And Technology Stock Co (SZSE:000707) 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.

Hubei Shuanghuan Science And Technology Stock Co LT-Debt-to-Total-Asset Related Terms

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Hubei Shuanghuan Science And Technology Stock Co (SZSE:000707) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hubei Shuanghuan Science And Technology Stock Co Ltd (SZSE:000707) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 26 Unity Avenue, Dongmafang, Hubei Province, Yingcheng, CHN, 432407

Website

http://www.hbshkj.cn

Hubei Shuanghuan Science And Technology Stock Co Ltd is a China based company involved in the chemical manufacturing. It is principally engaged in the manufacture of soda ash, ammonium chloride, baking soda, oxygen, liquid argon, sulfur, crude salt, and hydrochloric acid.

Executives

Chen Juan	Supervisors
Bai Yan Ting	Supervisors
Lei Fan	Executives
Nie Yi Min	Directors, executives

Hubei Shuanghuan Science And Technology Stock Co (SZSE:000707) Headlines

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