China TMK Battery Systems (China TMK Battery Systems) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2011)

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What is China TMK Battery Systems 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. China TMK Battery Systems's long-term debt to total assests ratio for the quarter that ended in Sep. 2011 was 0.13.

China TMK Battery Systems's long-term debt to total assets ratio declined from Sep. 2010 (0.32) to Sep. 2011 (0.13). It may suggest that China TMK Battery Systems is progressively becoming less dependent on debt to grow their business.

China TMK Battery Systems LT-Debt-to-Total-Asset Historical Data

The historical data trend for China TMK Battery Systems'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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China TMK Battery Systems LT-Debt-to-Total-Asset Chart

China TMK Battery Systems Annual Data

Trend

Sep06

Sep07

Sep08

Sep09

Dec10

LT-Debt-to-Total-Asset

21.67

0.21

China TMK Battery Systems Quarterly Data
	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.21	0.16	0.21	0.13

China TMK Battery Systems LT-Debt-to-Total-Asset Calculation

China TMK Battery Systems's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2010 is calculated as

LT Debt to Total Assets (A: Dec. 2010 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2010 )	/	Total Assets (A: Dec. 2010 )
	=	12.71	/	61.851
	=	0.21

China TMK Battery Systems's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2011 is calculated as

LT Debt to Total Assets (Q: Sep. 2011 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2011 )	/	Total Assets (Q: Sep. 2011 )
	=	13.688	/	105.023
	=	0.13

China TMK Battery Systems (OTCPK:DFEL) 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.

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China TMK Battery Systems (China TMK Battery Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China TMK Battery Systems Inc (OTCPK:DFEL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Fuhua Road, Room 2406, East Block, Great China International Exchange Square, Futian District, Shenzhen, CHN, 7390

Website

https://www.tmk-battery.com

China TMK Battery Systems Inc is a United States is based on the research and development, manufacturing, sales and service of core products in the new energy industry. The company has newly established a number of wholly-owned subsidiaries in mainland China, which are distributed in the centralized rapid charging for new energy vehicles, lithium batteries, new materials, artificial intelligence basic software equipment, Internet and other.

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