Suzhou Hesheng Special Material Co (SZSE:002290) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Suzhou Hesheng Special Material 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. Suzhou Hesheng Special Material Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Suzhou Hesheng Special Material Co's long-term debt to total assets ratio declined from Mar. 2023 (0.19) to Mar. 2024 (0.11). It may suggest that Suzhou Hesheng Special Material Co is progressively becoming less dependent on debt to grow their business.

Suzhou Hesheng Special Material Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suzhou Hesheng Special Material 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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Suzhou Hesheng Special Material Co LT-Debt-to-Total-Asset Chart

Suzhou Hesheng Special Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.26

0.21

0.11

Suzhou Hesheng Special Material 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															0.19	0.01	0.11	0.11	0.11

Suzhou Hesheng Special Material Co LT-Debt-to-Total-Asset Calculation

Suzhou Hesheng Special Material 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 )
	=	199.442	/	1765.761
	=	0.11

Suzhou Hesheng Special Material 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 )
	=	188.995	/	1681.414
	=	0.11

Suzhou Hesheng Special Material Co (SZSE:002290) 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.

Suzhou Hesheng Special Material Co LT-Debt-to-Total-Asset Related Terms

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Suzhou Hesheng Special Material Co (SZSE:002290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Suzhou Hesheng Special Material Co Ltd (SZSE:002290) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.135 Wangdun Road, Room 2408, Building 1, Rongsheng Business Center, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215000

Website

http://www.szhssm.com.cn

Suzhou Hesheng Special Material Co Ltd is engaged in the production of composite materials for home appliances. The business of the company includes substrate performance and application testing, research and development of high performance surface materials, and technical services for materials applications.

Executives

Wang Wen Qi	Secretary, Director
Zhang Xiao Xuan	Director
Ren Jie	Director
Zhao Dong Ming	Director
Zhang Wen Hua	Directors, executives
Yuan Wen Xiong	Directors, Directors, and Executives
Zhang Fu Jun	Executives
Guo Hong Bin	Executives

Suzhou Hesheng Special Material Co (SZSE:002290) Headlines

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