Shandong Sunpaper Co (SZSE:002078) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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What is Shandong Sunpaper 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. Shandong Sunpaper Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.16.

Shandong Sunpaper Co's long-term debt to total assets ratio increased from Mar. 2023 (0.13) to Mar. 2024 (0.16). It may suggest that Shandong Sunpaper Co is progressively becoming more dependent on debt to grow their business.

Shandong Sunpaper Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shandong Sunpaper 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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Shandong Sunpaper Co LT-Debt-to-Total-Asset Chart

Shandong Sunpaper Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.11

0.13

0.14

0.13

Shandong Sunpaper 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															0.13	0.12	0.12	0.13	0.16

Shandong Sunpaper Co LT-Debt-to-Total-Asset Calculation

Shandong Sunpaper 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 )
	=	6722.829	/	50550.753
	=	0.13

Shandong Sunpaper 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 )
	=	7916.23	/	50976.664
	=	0.16

Shandong Sunpaper Co (SZSE:002078) 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.

Shandong Sunpaper Co LT-Debt-to-Total-Asset Related Terms

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Shandong Sunpaper Co (SZSE:002078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shandong Sunpaper Co Ltd (SZSE:002078) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1 Youyi Road, Shandong Province, Yanzhou District, Jining, CHN, 272100

Website

http://www.sunpapergroup.com

Shandong Sunpaper Co Ltd is a China-based paper making company. It manufactures and distributes paper products. The company's product lines includes premium coated packaging paperboard, high-class art paper, high-class cultural and office paper, specialty fiber dissolving pulp, household paper, and industrial paper. Its main brands include Golden Sun, Huaxia Sun, Brilliant Sun, Weier, Lecopy, Koolprint, Sun Elements, Suyappy, International Radiance, International Sun and International Union. The company has a presence in Laos and the United States of America.

Shandong Sunpaper Co (SZSE:002078) Headlines

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