AECC Aero Science and Technology Co (SHSE:600391) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is AECC Aero Science and Technology 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. AECC Aero Science and Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

AECC Aero Science and Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.08). It may suggest that AECC Aero Science and Technology Co is progressively becoming less dependent on debt to grow their business.

AECC Aero Science and Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for AECC Aero Science and Technology 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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AECC Aero Science and Technology Co LT-Debt-to-Total-Asset Chart

AECC Aero Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.06

0.09

0.03

0.06

AECC Aero Science and Technology 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															0.10	0.09	0.06	0.06	0.08

AECC Aero Science and Technology Co LT-Debt-to-Total-Asset Calculation

AECC Aero Science and Technology 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 )
	=	440.953	/	7132.497
	=	0.06

AECC Aero Science and Technology 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 )
	=	691.452	/	8461.196
	=	0.08

AECC Aero Science and Technology Co (SHSE:600391) 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.

AECC Aero Science and Technology Co LT-Debt-to-Total-Asset Related Terms

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AECC Aero Science and Technology Co (SHSE:600391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AECC Aero Science and Technology Co Ltd (SHSE:600391) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 901, 9th Floor, Building 1, Tianyun Road, High-tech Zone, Sichuan Province, Chengdu, CHN, 610503

Website

http://www.fast.avic.com

AECC Aero Science and Technology Co Ltd is a China-based company engages in the research and development, manufacture, and sale of aviation products. It focuses on aircraft engines and their components, gas turbine components and parts, and aviation bearings.

Executives

Yan Shui Bo	Supervisors
Zhang Li	senior management
Chen Yu Pei	senior management
Sun Yan Feng	Supervisors
Chen Jin	Director
Zhang Bin	senior management
Liu Jian	senior management
Xiong Yi	Director
Yi Xue Bin	senior management
Wu Hua	Director
Wang Nan Hai	senior management

AECC Aero Science and Technology Co (SHSE:600391) Headlines

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