Hubei Guochuang Hi-Tech Material Co (SZSE:002377) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Hubei Guochuang Hi-Tech 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. Hubei Guochuang Hi-Tech Material Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Hubei Guochuang Hi-Tech Material Co's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.01). It may suggest that Hubei Guochuang Hi-Tech Material Co is progressively becoming less dependent on debt to grow their business.

Hubei Guochuang Hi-Tech Material Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hubei Guochuang Hi-Tech 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.

* Premium members only.

Hubei Guochuang Hi-Tech Material Co LT-Debt-to-Total-Asset Chart

Hubei Guochuang Hi-Tech Material 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

0.18

0.17

0.05

0.01

Hubei Guochuang Hi-Tech 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															0.06	0.01	0.01	0.01	0.01

Hubei Guochuang Hi-Tech Material Co LT-Debt-to-Total-Asset Calculation

Hubei Guochuang Hi-Tech 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 )
	=	10.711	/	1017.924
	=	0.01

Hubei Guochuang Hi-Tech 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 )
	=	9.924	/	1032.81
	=	0.01

Hubei Guochuang Hi-Tech Material Co (SZSE:002377) 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.

Hubei Guochuang Hi-Tech Material Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Hubei Guochuang Hi-Tech Material Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Hubei Guochuang Hi-Tech Material Co Ltd (SZSE:002377) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 8, Wudayuan 3rd Road, Donghu New Technology Development Zone, Hubei, Wuhan, CHN, 430223

Website

http://www.guochuang.com.cn

Hubei Guochuang Hi-Tech Material Co Ltd is a China-based company specializing in the research, design, production, and sales of modified asphalt, emulsified asphalt and other road materials and equipment. The materials are used for highways, electronic information, bioengineering, environmental engineering technology development and application, undertake modified asphalt road pavement projects, import and export of goods, and technology import and export. The product portfolio of the company includes modified asphalt, colored asphalt, cement asphalt mortar, and other products.

Executives

Peng Ya Chao	Directors, Directors, and Executives
Lv Hua Sheng	Directors, executives
Meng Jun Mei	Executives
Li Mou Yu	Executives
Ji Yong Hai	Executives
He Bin	Supervisors
Zhang Jing Jing	Supervisors
Wu Xin Mu	Independent director
Peng Bin	Directors, executives
Qian Jing	Directors, executives
Hao Li Qun	Director
Gao Tao	Directors, executives
Yin Shi Ming	Executives
Gao Qing Shou	Director
Hu Ling	Executives

Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Headlines

No Headlines