Shandong Jinjing Science & Technology Stock Co (SHSE:600586) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)

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What is Shandong Jinjing Science & Technology Stock 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. Shandong Jinjing Science & Technology Stock Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

Shandong Jinjing Science & Technology Stock Co's long-term debt to total assets ratio increased from Jun. 2023 (0.05) to Jun. 2024 (0.07). It may suggest that Shandong Jinjing Science & Technology Stock Co is progressively becoming more dependent on debt to grow their business.

Shandong Jinjing Science & Technology Stock Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shandong Jinjing Science & Technology Stock 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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Shandong Jinjing Science & Technology Stock Co LT-Debt-to-Total-Asset Chart

Shandong Jinjing Science & Technology Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.08

Shandong Jinjing Science & Technology Stock Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.08	0.08	0.07	0.07

Shandong Jinjing Science & Technology Stock Co LT-Debt-to-Total-Asset Calculation

Shandong Jinjing Science & Technology Stock 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 )
	=	940.385	/	11408.634
	=	0.08

Shandong Jinjing Science & Technology Stock Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	856.99	/	11529.317
	=	0.07

Shandong Jinjing Science & Technology Stock Co (SHSE:600586) 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.

Shandong Jinjing Science & Technology Stock Co LT-Debt-to-Total-Asset Related Terms

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Shandong Jinjing Science & Technology Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Jinjing Science & Technology Stock Co Ltd (SHSE:600586) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wangzhuang, Baoshi Town, New and High-Technology Development Zone, Zibo, Shandong, CHN, 255086

Website

http://www.cnggg.cn

Shandong Jinjing Science & Technology Stock Co Ltd manufacturers of float glass in China. It provides clear float glass; low iron glass; tempered glass; solar glass; laminated glass; silver mirror; bronze glass; grey glass; ocean blue glass; reflective glass; patterned glass; automotive glass.

Executives

Ji Ya Lin

senior management

Shandong Jinjing Science & Technology Stock Co Headlines

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