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Wecome Intelligent Manufacturing Co (SHSE:603070) Debt-to-Asset : 0.16 (As of Mar. 2024)


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What is Wecome Intelligent Manufacturing Co Debt-to-Asset?

Wecome Intelligent Manufacturing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥485 Mil. Wecome Intelligent Manufacturing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥51 Mil. Wecome Intelligent Manufacturing Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ¥3,301 Mil. Wecome Intelligent Manufacturing Co's debt to asset for the quarter that ended in Mar. 2024 was 0.16.


Wecome Intelligent Manufacturing Co Debt-to-Asset Historical Data

The historical data trend for Wecome Intelligent Manufacturing Co's Debt-to-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.

Wecome Intelligent Manufacturing Co Debt-to-Asset Chart

Wecome Intelligent Manufacturing Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial 0.22 0.21 0.17 0.13 0.13

Wecome Intelligent Manufacturing Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 0.15 0.13 0.13 0.16

Competitive Comparison of Wecome Intelligent Manufacturing Co's Debt-to-Asset

For the Electrical Equipment & Parts subindustry, Wecome Intelligent Manufacturing Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Wecome Intelligent Manufacturing Co's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wecome Intelligent Manufacturing Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Wecome Intelligent Manufacturing Co's Debt-to-Asset falls into.



Wecome Intelligent Manufacturing Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Wecome Intelligent Manufacturing Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(285.268 + 138.943) / 3337.733
=0.13

Wecome Intelligent Manufacturing Co's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(485.34 + 50.882) / 3300.742
=0.16

* 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.


Wecome Intelligent Manufacturing Co  (SHSE:603070) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


Wecome Intelligent Manufacturing Co Debt-to-Asset Related Terms

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Wecome Intelligent Manufacturing Co (SHSE:603070) Business Description

Traded in Other Exchanges
N/A
Address
Wenzhou Bridge Industrial Park, Wankong Intelligent Manufacturing Building, Beibaixiang Town, Zhejiang Province, Yueqing, CHN, 325600
Wecome Intelligent Manufacturing Co Ltd is engaged in the research and development, production and sales of distribution switch control equipment.
Executives
Hu Jie Mei senior management
Zheng Jian Feng senior management

Wecome Intelligent Manufacturing Co (SHSE:603070) Headlines

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