Sichuan Lutianhua Co (SZSE:000912) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Sichuan Lutianhua 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. Sichuan Lutianhua Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Sichuan Lutianhua Co's long-term debt to total assets ratio declined from Mar. 2023 (0.07) to Mar. 2024 (0.05). It may suggest that Sichuan Lutianhua Co is progressively becoming less dependent on debt to grow their business.

Sichuan Lutianhua Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sichuan Lutianhua 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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Sichuan Lutianhua Co LT-Debt-to-Total-Asset Chart

Sichuan Lutianhua 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

0.10

0.08

0.06

Sichuan Lutianhua 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	0.07	0.06	0.06	0.05

Sichuan Lutianhua Co LT-Debt-to-Total-Asset Calculation

Sichuan Lutianhua 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 )
	=	585.457	/	10390.269
	=	0.06

Sichuan Lutianhua 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 )
	=	492.85	/	10128.761
	=	0.05

Sichuan Lutianhua Co (SZSE:000912) 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.

Sichuan Lutianhua Co LT-Debt-to-Total-Asset Related Terms

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Sichuan Lutianhua Co (SZSE:000912) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sichuan Lutianhua Co Ltd (SZSE:000912) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Naxi District, Sichuan province, Quzhou, CHN, 646300

Website

http://www.sclth.com

Sichuan Lutianhua Co Ltd is a chemical fertilizer enterprise that introduces international advanced technology and uses natural gas as raw material. It is primarily involved in the production and sales of fertilizers and chemical products. The company's main products include urea, compound fertilizers, methyl alcohol, concentrated nitric acid, ammonium nitrate, dimethyl ether, liquefied petroleum gas and other chemicals. Further, it is also engaged in chemical engineering, equipment installation, and maintenance activities. Geographically the business activities are carried out through China.

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