AA Industrial Belting (Shanghai) Co (SHSE:603580) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is AA Industrial Belting (Shanghai) 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. AA Industrial Belting (Shanghai) Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

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

AA Industrial Belting (Shanghai) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for AA Industrial Belting (Shanghai) 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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AA Industrial Belting (Shanghai) Co LT-Debt-to-Total-Asset Chart

AA Industrial Belting (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

AA Industrial Belting (Shanghai) 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	-	0.02	0.01

AA Industrial Belting (Shanghai) Co LT-Debt-to-Total-Asset Calculation

AA Industrial Belting (Shanghai) 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 )
	=	8.027	/	528.373
	=	0.02

AA Industrial Belting (Shanghai) 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 )
	=	6.758	/	524.765
	=	0.01

AA Industrial Belting (Shanghai) Co (SHSE:603580) 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.

AA Industrial Belting (Shanghai) Co LT-Debt-to-Total-Asset Related Terms

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AA Industrial Belting (Shanghai) Co (SHSE:603580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AA Industrial Belting (Shanghai) Co Ltd (SHSE:603580) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

580 Xiangyin Road, Shanghai, CHN, 200433

Website

http://www.aabelt.com.cn

AA Industrial Belting (Shanghai) Co Ltd is specialized in the research and development of light conveyor belts. Its main products include thermoplastic urethane (TPU) conveyor belts, thermoplastic polyester elastomeric (TPEE) conveyor belts, polyvinyl chloride (PVC) conveyor belts, polyethylene (PE) conveyor belts and seamless conveyor belts. Its product is widely used in food processing, airport logistics, textile printing, automotive and steel processing, tire, tobacco, and aluminum industry.

Executives

Tu Guo Sheng	Director
Tu Mu Lin	Director
Cai Rui Mei	Director

AA Industrial Belting (Shanghai) Co (SHSE:603580) Headlines

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