Tianfangbiao Standardization Certification and Testing Co (BJSE:871753) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Tianfangbiao Standardization Certification and Testing 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. Tianfangbiao Standardization Certification and Testing Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Tianfangbiao Standardization Certification and Testing Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.02). It may suggest that Tianfangbiao Standardization Certification and Testing Co is progressively becoming more dependent on debt to grow their business.

Tianfangbiao Standardization Certification and Testing Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tianfangbiao Standardization Certification and Testing 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.

Tianfangbiao Standardization Certification and Testing Co LT-Debt-to-Total-Asset Chart

Tianfangbiao Standardization Certification and Testing Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.04

0.03

0.02

0.01

Tianfangbiao Standardization Certification and Testing Co Quarterly Data
	Dec18	Jun19	Sep19	Dec19	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															0.01	0.01	0.01	0.01	0.02

Tianfangbiao Standardization Certification and Testing Co LT-Debt-to-Total-Asset Calculation

Tianfangbiao Standardization Certification and Testing 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 )
	=	4.694	/	456.088
	=	0.01

Tianfangbiao Standardization Certification and Testing 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 )
	=	10.228	/	478.282
	=	0.02

Tianfangbiao Standardization Certification and Testing Co (BJSE:871753) 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.

Tianfangbiao Standardization Certification and Testing Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Tianfangbiao Standardization Certification and Testing Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Tianfangbiao Standardization Certification and Testing Co (BJSE:871753) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Tianfangbiao Standardization Certification and Testing Co Ltd (BJSE:871753) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 158, Hanghai Road,, Tianjin Pilot Free Trade Zone, Airport Economic Zone, Tianjin, CHN, 300308

Website

http://www.cnttts.com

Tianfangbiao Standardization Certification and Testing Co Ltd engage in testing and inspection services for consumer goods, medical devices, and industrial products. Its services comprise Product quality testing and certification services; technical consultation and technical services for textile testing and testing standards; development, consulting, service, transfer, and standard formulation of product quality testing technologies; development, sales, appraisal, and leasing of testing equipment; entrusted testing of product quality.

Tianfangbiao Standardization Certification and Testing Co (BJSE:871753) Headlines

No Headlines