Jiangsu Zhongsheng Gaoke Environmental Co (SZSE:002778) LT-Debt-to-Total-Asset : 0.23 (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Jiangsu Zhongsheng Gaoke Environmental 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. Jiangsu Zhongsheng Gaoke Environmental Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.23.

Jiangsu Zhongsheng Gaoke Environmental Co's long-term debt to total assets ratio increased from Mar. 2023 (0.11) to Mar. 2024 (0.23). It may suggest that Jiangsu Zhongsheng Gaoke Environmental Co is progressively becoming more dependent on debt to grow their business.

Jiangsu Zhongsheng Gaoke Environmental Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Zhongsheng Gaoke Environmental 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.

Jiangsu Zhongsheng Gaoke Environmental Co LT-Debt-to-Total-Asset Chart

Jiangsu Zhongsheng Gaoke Environmental 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

0.07

0.11

0.21

Jiangsu Zhongsheng Gaoke Environmental 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															0.11	0.18	0.18	0.21	0.23

Jiangsu Zhongsheng Gaoke Environmental Co LT-Debt-to-Total-Asset Calculation

Jiangsu Zhongsheng Gaoke Environmental 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 )
	=	303.5	/	1427.389
	=	0.21

Jiangsu Zhongsheng Gaoke Environmental 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 )
	=	303.5	/	1324.582
	=	0.23

Jiangsu Zhongsheng Gaoke Environmental Co (SZSE:002778) 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 Zhongsheng Gaoke Environmental Co LT-Debt-to-Total-Asset Related Terms

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

Jiangsu Zhongsheng Gaoke Environmental Co (SZSE:002778) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jiangsu Zhongsheng Gaoke Environmental Co Ltd (SZSE:002778) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Whale Industrial Concentration Zone, Xushe Town, Jiangsu Province, Yixing, CHN, 214244

Website

http://www.jsgaoke.com

Jiangsu Zhongsheng Gaoke Environmental Co Ltd formerly Jiangsu Gaoke Petrochemical Co Ltd is engaged in research and development, production and sales of lubricants and fats. It produces industrial lubricants, automotive lubricants, special oils, greases and other lubricant products. It's products used in electric power equipment, engineering machinery, industrial machinery equipment, metallurgy, and transportation.

Executives

Xu Chun Dong	Director
Wang Zhao Ming	Director
Tan Jian Ming	Supervisors
Xu Zhi Jian	Director
Chen Guo Rong	Director

Jiangsu Zhongsheng Gaoke Environmental Co (SZSE:002778) Headlines

No Headlines