Inner Mongolia Junzheng Energy & Chemical Group Co (SHSE:601216) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Inner Mongolia Junzheng Energy & Chemical Group 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. Inner Mongolia Junzheng Energy & Chemical Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Inner Mongolia Junzheng Energy & Chemical Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.07) to Mar. 2024 (0.07). It may suggest that Inner Mongolia Junzheng Energy & Chemical Group Co is progressively becoming less dependent on debt to grow their business.

Inner Mongolia Junzheng Energy & Chemical Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Inner Mongolia Junzheng Energy & Chemical Group 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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Inner Mongolia Junzheng Energy & Chemical Group Co LT-Debt-to-Total-Asset Chart

Inner Mongolia Junzheng Energy & Chemical Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.15

0.11

0.08

0.06

Inner Mongolia Junzheng Energy & Chemical Group 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															0.07	0.08	0.07	0.06	0.07

Inner Mongolia Junzheng Energy & Chemical Group Co LT-Debt-to-Total-Asset Calculation

Inner Mongolia Junzheng Energy & Chemical Group 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 )
	=	2361.083	/	40174.268
	=	0.06

Inner Mongolia Junzheng Energy & Chemical Group 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 )
	=	2836.713	/	40439.582
	=	0.07

Inner Mongolia Junzheng Energy & Chemical Group Co (SHSE:601216) 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.

Inner Mongolia Junzheng Energy & Chemical Group Co LT-Debt-to-Total-Asset Related Terms

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Inner Mongolia Junzheng Energy & Chemical Group Co (SHSE:601216) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Inner Mongolia Junzheng Energy & Chemical Group Co Ltd (SHSE:601216) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Wuda Industry Park Zone, Wuhai, CHN, 016040

Website

http://www.junzhenggroup.com

Inner Mongolia Junzheng Energy & Chemical Group Co Ltd operates in the chemical industry. Its primary business involves coal, mining, power, chemical, special smelting and commercial trade. Its product offering includes alkaloid, cement clinker, polyvinyl chloride polymer, ferroalloys, and calcium carbide.

Executives

Di Xiao Feng	Director
Zhang Hai Sheng	Director
Zhang Jie	Director
Han Yong Fei	senior management
Huang Hui	Director
Lu Xin Qun	Director
Su Gang	Director
Du Jiang Tao	Director

Inner Mongolia Junzheng Energy & Chemical Group Co (SHSE:601216) Headlines

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