GEM Co (SZSE:002340) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is GEM 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. GEM Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

GEM Co's long-term debt to total assets ratio declined from Mar. 2023 (0.20) to Mar. 2024 (0.14). It may suggest that GEM Co is progressively becoming less dependent on debt to grow their business.

GEM Co LT-Debt-to-Total-Asset Historical Data

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

GEM Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.05

0.11

0.17

0.16

GEM 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															0.20	0.20	0.18	0.16	0.14

GEM Co LT-Debt-to-Total-Asset Calculation

GEM 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 )
	=	8167.31	/	52632.38
	=	0.16

GEM 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 )
	=	8075.369	/	56507.368
	=	0.14

GEM Co (SZSE:002340) 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.

GEM Co LT-Debt-to-Total-Asset Related Terms

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GEM Co (SZSE:002340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » GEM Co Ltd (SZSE:002340) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

South of Xinghua Road, 20F Block A,Marina Bay Center, Bao’an Center Area, Shenzhen, CHN, 518101

Website

http://www.gemchina.com

GEM Co Ltd operates in the recycling industry in China and internationally. The company offers remanufactured battery raw materials, such as nickel, cobalt, manganese, copper, aluminum, iron, and lithium from waste batteries; cathode copper plate; and gold and silver ingots, palladium sponge, and rhodium.

Executives

Wang Min	Director
Jiang Miao	Executives
Lou Hui You	Executives
Jiao Hua	Executives
Mu Meng Gang	Directors, executives
Xu Kai Hua	Directors, executives
Wang Jian	Supervisors
Song Wan Xiang	Executives
Ou Yang Ming Zhi	Directors, executives
Zhou Bo	Supervisors
Zhang Ai Qing	Executives
Lu Xi Jin	Executives
Wu Guang Yuan	Executives
Mou Jian	Executives
Pan Hua	Executives

GEM Co (SZSE:002340) Headlines

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