Gaona Aero Material Co (SZSE:300034) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

View and export this data going back to 2009. Start your Free Trial

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

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

Gaona Aero Material Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gaona Aero 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.

Gaona Aero Material Co LT-Debt-to-Total-Asset Chart

Gaona Aero 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

0.02

0.08

0.07

0.05

Gaona Aero 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															0.07	0.06	0.05	0.05	0.05

Gaona Aero Material Co LT-Debt-to-Total-Asset Calculation

Gaona Aero 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 )
	=	359.9	/	7220.169
	=	0.05

Gaona Aero 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 )
	=	374.909	/	7204.184
	=	0.05

Gaona Aero Material Co (SZSE:300034) 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.

Gaona Aero Material Co LT-Debt-to-Total-Asset Related Terms

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

Gaona Aero Material Co (SZSE:300034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Gaona Aero Material Co Ltd (SZSE:300034) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19 Daliushu South Village, Haidian District, Beijing, Beijing, CHN, 100081

Website

http://www.cisri-gaona.com.cn

Gaona Aero Material Co Ltd is engaged in the research and development, production, and sales of high-temperature materials in aerospace materials. The products of the company include casting alloy products, deformed alloy products which include high-temperature alloy bar, superalloy pipe, powder alloy products which include powder superalloy forgings, and special alloy products which include oxide dispersion strengthening series, friction plate, and porous foam products.

Executives

Yang Jie	Executives
Cai Xiao Bao	Directors, executives
Zhou Qian	Executives
Yin Fa Jie	Executives
Zhang Ji	Executives
Shao Chong	Directors, executives
Ma Hong Jun	Securities Affairs Representative
Zhao Ming Han	Director
Xu Ruo Gang	Supervisors
Ma Zhang Lin	Executives
Xu Hong Gui	Directors, executives, securities affairs represen
Wang Chen	Director

Gaona Aero Material Co (SZSE:300034) Headlines

No Headlines