Dongfeng Automobile Co (SHSE:600006) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Dongfeng Automobile 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. Dongfeng Automobile Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Dongfeng Automobile Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Dongfeng Automobile Co is progressively becoming less dependent on debt to grow their business.

Dongfeng Automobile Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dongfeng Automobile 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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Dongfeng Automobile Co LT-Debt-to-Total-Asset Chart

Dongfeng Automobile Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.01

Dongfeng Automobile Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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	0.01

Dongfeng Automobile Co LT-Debt-to-Total-Asset Calculation

Dongfeng Automobile 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 )
	=	176.485	/	19171.886
	=	0.01

Dongfeng Automobile 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 )
	=	175.777	/	19475.442
	=	0.01

Dongfeng Automobile Co (SHSE:600006) 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.

Dongfeng Automobile Co LT-Debt-to-Total-Asset Related Terms

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Dongfeng Automobile Co (SHSE:600006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Dongfeng Automobile Co Ltd (SHSE:600006) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 136 Chuangye Road, Hanyang Economic and Technology Development Zone, Wuhan, Hubei, CHN, 430056

Website

http://www.dfac.com

Dongfeng Automobile Co Ltd is engaged in the manufacture and distribution of automobile engines and parts, castings, machinery and auto repairs in China.

Executives

Li Jun Zhi	Directors, senior managers
Li Zheng Rong	senior management
Ke Gang	senior management
Zhang Bin	senior management
Liu Yao Ping	Supervisors
Zhou Xiao Fu	senior management
Chen Bin	Director

Dongfeng Automobile Co (SHSE:600006) Headlines

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