China Petrochemical Development (TPE:1314) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)

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What is China Petrochemical Development 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. China Petrochemical Development's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

China Petrochemical Development's long-term debt to total assets ratio increased from Mar. 2023 (0.14) to Mar. 2024 (0.18). It may suggest that China Petrochemical Development is progressively becoming more dependent on debt to grow their business.

China Petrochemical Development LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Petrochemical Development'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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China Petrochemical Development LT-Debt-to-Total-Asset Chart

China Petrochemical Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.11

0.14

0.19

0.18

China Petrochemical Development 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	0.14	0.20	0.18	0.18

China Petrochemical Development LT-Debt-to-Total-Asset Calculation

China Petrochemical Development'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 )
	=	26752.661	/	145705.475
	=	0.18

China Petrochemical Development'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 )
	=	26827.761	/	146311.349
	=	0.18

China Petrochemical Development (TPE:1314) 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.

China Petrochemical Development LT-Debt-to-Total-Asset Related Terms

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China Petrochemical Development (TPE:1314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Petrochemical Development Corp (TPE:1314) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Jingjian Road, Dashe District, Kaohsiung, TWN, 815

Website

https://www.cpdc.com.tw

China Petrochemical Development Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into two reportable segments based on product type: the caprolactam and acrylonitrile and nylon segments. The caprolactam segment, which generates the most revenue of the two segments, involves the sales of textiles, plastic automotive parts, packaging films, conveyor belts, ropes, and fishing lines. The acrylonitrile sell acrylic fibers, a plastic used for home appliance casings and tools, and water treatment products. The products of nylon pellets include fiber nylon pellets and engineering plastic nylon pellets.

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