Hangjin Technology Co (SZSE:000818) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Hangjin Technology 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. Hangjin Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Hangjin Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.02). It may suggest that Hangjin Technology Co is progressively becoming less dependent on debt to grow their business.

Hangjin Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hangjin Technology 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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Hangjin Technology Co LT-Debt-to-Total-Asset Chart

Hangjin Technology 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

0.04

0.05

0.02

Hangjin Technology 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															0.04	0.04	0.03	0.02	0.02

Hangjin Technology Co LT-Debt-to-Total-Asset Calculation

Hangjin Technology 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 )
	=	124.811	/	6014.323
	=	0.02

Hangjin Technology 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 )
	=	119.103	/	6966.382
	=	0.02

Hangjin Technology Co (SZSE:000818) 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.

Hangjin Technology Co LT-Debt-to-Total-Asset Related Terms

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Hangjin Technology Co (SZSE:000818) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hangjin Technology Co Ltd (SZSE:000818) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1 Chemical Street, Lianshan District, Liaoning Province, Huludao, CHN, 125001

Website

http://www.hangjintechnology.com

Hangjin Technology Co Ltd engages in the manufacturing of chemical products in China. Its main products are caustic soda, polyvinyl chloride, propylene oxide, polyether, trichloroethylene, propylene glycol, and chlorinated benzenes. Geographically, the business activities are carried out through China.

Executives

Lu Zhi Jun	Executives
Wang Di Fei	Executives
Ding Xiao Hong	Executives
Wang Dong Dong	Directors, executives
Cai Wei Dong	Director
Jin Yong	Executives
Zhang Ge Liang	Executives
Wang Xiao Xing	Executives
Qian Yong Chun	Executives
Zhang Jian Li	Executives
Ding Gui Bao	Directors, executives
Liu Chun Yan	Independent director
Ou Yang Guo Liang	Executives
Sun Gui Chen	Director
Zhu Di	Supervisors

Hangjin Technology Co (SZSE:000818) Headlines

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