Satellite Chemical Co (SZSE:002648) LT-Debt-to-Total-Asset : 0.39 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Satellite Chemical 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. Satellite Chemical Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.39.

Satellite Chemical Co's long-term debt to total assets ratio declined from Mar. 2023 (0.47) to Mar. 2024 (0.39). It may suggest that Satellite Chemical Co is progressively becoming less dependent on debt to grow their business.

Satellite Chemical Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Satellite Chemical 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.

* Premium members only.

Satellite Chemical Co LT-Debt-to-Total-Asset Chart

Satellite Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.03

0.31

0.41

0.44

0.42

Satellite Chemical 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															0.47	0.45	0.42	0.42	0.39

Satellite Chemical Co LT-Debt-to-Total-Asset Calculation

Satellite Chemical 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 )
	=	26817.55	/	64581.962
	=	0.42

Satellite Chemical 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 )
	=	25645.234	/	65820.796
	=	0.39

Satellite Chemical Co (SZSE:002648) 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.

Satellite Chemical Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Satellite Chemical Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Satellite Chemical Co (SZSE:002648) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Satellite Chemical Co Ltd (SZSE:002648) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bujiao Road, Jia’xing Industrial Park, Zhejiang, CHN, 314050

Website

https://www.satlpec.com

Satellite Chemical Co Ltd formerly Zhejiang Satellite Petrochemical Co Ltd is a China-based acrylic acid manufacturer. It is involved in integrating research and development, production, sales and logistics of propylene, polypropylene, acrylic acid, high purity acrylic acid to an acrylic ester, polymer emulsion and high absorbent resin.

Executives

Jin Feng Fu	Executives
Liu Shi Gang	Executives
Yang Yu Ying	Director
Cai Yong Sheng	Executives
Kong Dong	Independent director

Satellite Chemical Co (SZSE:002648) Headlines

No Headlines