Yechiu Metal Recycling (China) (SHSE:601388) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Yechiu Metal Recycling (China) 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. Yechiu Metal Recycling (China)'s long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Yechiu Metal Recycling (China)'s long-term debt to total assets ratio increased from Mar. 2023 (0.06) to Mar. 2024 (0.07). It may suggest that Yechiu Metal Recycling (China) is progressively becoming more dependent on debt to grow their business.

Yechiu Metal Recycling (China) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Yechiu Metal Recycling (China)'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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Yechiu Metal Recycling (China) LT-Debt-to-Total-Asset Chart

Yechiu Metal Recycling (China) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.01

0.04

0.08

Yechiu Metal Recycling (China) 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															0.06	0.06	0.08	0.08	0.07

Yechiu Metal Recycling (China) LT-Debt-to-Total-Asset Calculation

Yechiu Metal Recycling (China)'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 )
	=	446.712	/	5682.435
	=	0.08

Yechiu Metal Recycling (China)'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 )
	=	422.642	/	5696.873
	=	0.07

Yechiu Metal Recycling (China) (SHSE:601388) 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.

Yechiu Metal Recycling (China) LT-Debt-to-Total-Asset Related Terms

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Yechiu Metal Recycling (China) (SHSE:601388) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Yechiu Metal Recycling (China) Ltd (SHSE:601388) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.88 Hufuhuang Road, Fuqiao Town, Jiangsu, Taicang, CHN

Website

http://www.yechiu.com.cn

Yechiu Metal Recycling (China) Ltd is engaged in the recycling, sorting, processing, melting and processing of metal resources. It involves in the collection of aluminum scrap resources from waste automobiles, construction materials, home appliances, etc. Its products are aluminum alloy ingots of various specifications and models. The products are widely used in automobiles, electrical appliances, machinery, construction, electricity, transportation, computers, packaging, hardware and other fields.

Executives

Liu Kai Min	Director
Li Yi Hui	Director
Gao Yu Lan	senior management
	senior management

Yechiu Metal Recycling (China) (SHSE:601388) Headlines

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