Tianshan Aluminum Group Co (SZSE:002532) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Tianshan Aluminum Group 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. Tianshan Aluminum Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Tianshan Aluminum Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.12). It may suggest that Tianshan Aluminum Group Co is progressively becoming less dependent on debt to grow their business.

Tianshan Aluminum Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tianshan Aluminum Group 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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Tianshan Aluminum Group Co LT-Debt-to-Total-Asset Chart

Tianshan Aluminum Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.08

0.10

0.12

Tianshan Aluminum Group 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															0.14	0.15	0.15	0.12	0.12

Tianshan Aluminum Group Co LT-Debt-to-Total-Asset Calculation

Tianshan Aluminum Group 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 )
	=	7020.805	/	57097.017
	=	0.12

Tianshan Aluminum Group 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 )
	=	6587.966	/	56872.86
	=	0.12

Tianshan Aluminum Group Co (SZSE:002532) 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.

Tianshan Aluminum Group Co LT-Debt-to-Total-Asset Related Terms

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Tianshan Aluminum Group Co (SZSE:002532) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tianshan Aluminum Group Co Ltd (SZSE:002532) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1, Weiwu Road, North Industrial Park, Shihezi Development Zone, Xinjiang Uygur Autonomous Region, Xinjiang, CHN, 832014

Website

http://www.shimge.com

Tianshan Aluminum Group Co Ltd is engaged in the production and sales of primary aluminum, alumina, high-purity aluminum, pre-baked anodes, and aluminum deep-processed products and materials.

Executives

Zhang Jun Jie	Directors, executives
Gui Jian Hui	Executives
Zhang Jian Zhong	Executives
Wang Chang Dong	Executives
Yan Xian Fa	Executives, directors, directors
Xu Hong Feng	Director
Zhang Hong	Supervisors
Guo Shu Ming	Executives
Ou Yang Ya Zhi	Executives
Liu Jin Xiao	Supervisors
Xu Min Tian	Directors, executives
Pan Bing Lin	Supervisors
Ye Xing Hong	Director
Wang Jian Zhong	Director

Tianshan Aluminum Group Co (SZSE:002532) Headlines

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