Jiangsu Fengshan Group Co (SHSE:603810) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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What is Jiangsu Fengshan 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. Jiangsu Fengshan Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.16.

Jiangsu Fengshan Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.14) to Mar. 2024 (0.16). It may suggest that Jiangsu Fengshan Group Co is progressively becoming more dependent on debt to grow their business.

Jiangsu Fengshan Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Fengshan 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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Jiangsu Fengshan Group Co LT-Debt-to-Total-Asset Chart

Jiangsu Fengshan 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

0.16

Jiangsu Fengshan 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															0.14	0.15	0.15	0.16	0.16

Jiangsu Fengshan Group Co LT-Debt-to-Total-Asset Calculation

Jiangsu Fengshan 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 )
	=	426.162	/	2691.417
	=	0.16

Jiangsu Fengshan 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 )
	=	407.213	/	2587.522
	=	0.16

Jiangsu Fengshan Group Co (SHSE:603810) 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.

Jiangsu Fengshan Group Co LT-Debt-to-Total-Asset Related Terms

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Jiangsu Fengshan Group Co (SHSE:603810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Jiangsu Fengshan Group Co Ltd (SHSE:603810) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

105-6 North Zhongshan Road, 1903 Central International Plaza, Nanjing, CHN

Website

http://www.fengshangroup.com

Jiangsu Fengshan Group Co Ltd is engaged in the operation of agrochemical chemical products. It integrates science research, industrial production, and trade service. The company's technicals and formulations are divided into Herbicide, Insecticide, and Fungicide. The formulation also includes Plant growth regulator and Mixtures.

Executives

Yin Ping	Directors, senior managers
Chen Ya Feng	Director
Wang Li	Supervisors
Wu Han Cun	Director
Dan Yong Xiang	Director
Wang Jin Yang	Supervisors
Mou Yong Guo	Supervisors
Yin Feng Shan	Director
Cui Ri Bao	Supervisors

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