Tangshan Jidong Cement Co (SZSE:000401) LT-Debt-to-Total-Asset : 0.24 (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Tangshan Jidong Cement 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. Tangshan Jidong Cement Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.24.

Tangshan Jidong Cement Co's long-term debt to total assets ratio increased from Mar. 2023 (0.23) to Mar. 2024 (0.24). It may suggest that Tangshan Jidong Cement Co is progressively becoming more dependent on debt to grow their business.

Tangshan Jidong Cement Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tangshan Jidong Cement 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.

Tangshan Jidong Cement Co LT-Debt-to-Total-Asset Chart

Tangshan Jidong Cement 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

0.10

0.18

0.23

0.21

Tangshan Jidong Cement 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															0.23	0.22	0.24	0.21	0.24

Tangshan Jidong Cement Co LT-Debt-to-Total-Asset Calculation

Tangshan Jidong Cement 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 )
	=	12255.262	/	59922.804
	=	0.20

Tangshan Jidong Cement 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 )
	=	14167.354	/	60083.891
	=	0.24

Tangshan Jidong Cement Co (SZSE:000401) 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.

Tangshan Jidong Cement Co LT-Debt-to-Total-Asset Related Terms

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

Tangshan Jidong Cement Co (SZSE:000401) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tangshan Jidong Cement Co Ltd (SZSE:000401) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Linyin Road, Fengrun District, Hebei Province, Tangshan, CHN, 064000

Website

http://www.jdsn.com.cn

Tangshan Jidong Cement Co Ltd is a China-based company engages in the manufacturing and selling of cement and clinker. Its products and services include English and American standard Portland cement, road Portland cement, slag Portland cement, and compound cement as well as logistics services. Its products are mainly used in the civil engineering, hydraulic construction, national defense and other projects.

Executives

Kong Qing Hui	Executives
Wang Xiang Dong	Executives
Kong Xiang Zhong	Independent director
Zhang Zhi Dong	Supervisors
Zhang Xue Gang	Director
Wang Fu Qiang	Director
Zhou Xiao Li	Supervisors
Mou Wei	Supervisors
Li Zhan Jun	Supervisors
Wang Xiao Hua	Director
Zhang Shi Jiang	Executives
Yu Jiu Zhou	Directors, executives
Zhang Zeng Guang	Director

Tangshan Jidong Cement Co (SZSE:000401) Headlines

No Headlines