Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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

Zhejiang Tiantai Xianghe Industrial Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.01). It may suggest that Zhejiang Tiantai Xianghe Industrial Co is progressively becoming more dependent on debt to grow their business.

Zhejiang Tiantai Xianghe Industrial Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Tiantai Xianghe Industrial 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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Zhejiang Tiantai Xianghe Industrial Co LT-Debt-to-Total-Asset Chart

Zhejiang Tiantai Xianghe Industrial Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Zhejiang Tiantai Xianghe Industrial 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

Zhejiang Tiantai Xianghe Industrial Co LT-Debt-to-Total-Asset Calculation

Zhejiang Tiantai Xianghe Industrial 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 )
	=	10.372	/	1223.093
	=	0.01

Zhejiang Tiantai Xianghe Industrial 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 )
	=	10.271	/	1241.43
	=	0.01

Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) 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.

Zhejiang Tiantai Xianghe Industrial Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zhejiang Tiantai Xianghe Industrial Co Ltd (SHSE:603500) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 799, Renmin East Road, Chicheng Street, Zhejiang Province, Tiantai County, Taizhou, CHN

Website

http://www.ttxh.com.cn

Zhejiang Tiantai Xianghe Industrial Co Ltd is engaged in the research, development, commissioning, verification and industrialization of the national high-speed rail fastener project group. The company's main products include fastener products such as nylon parts, rubber parts, elastic pads and plastic parts; electronic products such as rubber stoppers and bases.

Executives

Tang Xiao	Directors, senior managers
Tang Jiao	Directors, senior managers
Tang You Qian	Director
Tang Wen Ming	Directors, senior managers
Zheng Yuan Fei	senior management
Wang Hong Hai	senior management
Qi Wei	senior management

Zhejiang Tiantai Xianghe Industrial Co (SHSE:603500) Headlines

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