Tibet GaoZheng Explosive Co (SZSE:002827) LT-Debt-to-Total-Asset : 0.24 (As of Jun. 2024)

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What is Tibet GaoZheng Explosive 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. Tibet GaoZheng Explosive Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.24.

Tibet GaoZheng Explosive Co's long-term debt to total assets ratio declined from Jun. 2023 (0.25) to Jun. 2024 (0.24). It may suggest that Tibet GaoZheng Explosive Co is progressively becoming less dependent on debt to grow their business.

Tibet GaoZheng Explosive Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tibet GaoZheng Explosive 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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Tibet GaoZheng Explosive Co LT-Debt-to-Total-Asset Chart

Tibet GaoZheng Explosive 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

0.20

0.27

Tibet GaoZheng Explosive 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															0.25	0.26	0.27	0.30	0.24

Tibet GaoZheng Explosive Co LT-Debt-to-Total-Asset Calculation

Tibet GaoZheng Explosive 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 )
	=	713.838	/	2627.546
	=	0.27

Tibet GaoZheng Explosive 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 )
	=	638.098	/	2669.482
	=	0.24

Tibet GaoZheng Explosive Co (SZSE:002827) 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.

Tibet GaoZheng Explosive Co LT-Debt-to-Total-Asset Related Terms

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Tibet GaoZheng Explosive Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tibet GaoZheng Explosive Co Ltd (SZSE:002827) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Linqiongang Road, Area A, Lhasa Economic and Technological Development Zone, Tibet Autonomous Region, Lhasa, CHN, 850000

Website

http://www.xzmbgf.com

Tibet GaoZheng Explosive Co Ltd is a civil explosive enterprise based in China. The main business scope is the production, sale, storage and transportation of civil explosives such as industrial explosives, industrial detonators and industrial cables through its own marketing network. In addition, the company is also engaged in the construction of soil rock blasting works, construction of non-coal mine blasting works and demolition safety assessment.

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