Jiangsu Guoxin (SZSE:002608) LT-Debt-to-Total-Asset : 0.34 (As of Mar. 2024)

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What is Jiangsu Guoxin 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 Guoxin's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.34.

Jiangsu Guoxin's long-term debt to total assets ratio increased from Mar. 2023 (0.29) to Mar. 2024 (0.34). It may suggest that Jiangsu Guoxin is progressively becoming more dependent on debt to grow their business.

Jiangsu Guoxin LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Guoxin'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 Guoxin LT-Debt-to-Total-Asset Chart

Jiangsu Guoxin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.17

0.20

0.24

0.32

Jiangsu Guoxin 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															0.29	0.31	0.33	0.32	0.34

Jiangsu Guoxin LT-Debt-to-Total-Asset Calculation

Jiangsu Guoxin'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 )
	=	28339.551	/	88872.352
	=	0.32

Jiangsu Guoxin'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 )
	=	30008.674	/	88116.498
	=	0.34

Jiangsu Guoxin (SZSE:002608) 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 Guoxin LT-Debt-to-Total-Asset Related Terms

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Jiangsu Guoxin (SZSE:002608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Jiangsu Guoxin Corp Ltd (SZSE:002608) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 88 Changjiang Road, Xuanwu District, Jiangsu Province, Nanjing, CHN, 210005

Website

http://www.saintymarine.com.cn

Jiangsu Guoxin Corp Ltd is engaged in the thermal power production and related power services. Further it is also involved in coal and power sales business.

Executives

Li Xian Qiang	Executives
Weng Jun	Executives
Wang Jun Min	Director
Li Jiu	Directors, executives
Feng Qi	Directors, executives

Jiangsu Guoxin (SZSE:002608) Headlines

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