GSP Automotive Group Wenzhou Co (SHSE:605088) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is GSP Automotive Group Wenzhou 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. GSP Automotive Group Wenzhou Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

GSP Automotive Group Wenzhou Co's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.12). It may suggest that GSP Automotive Group Wenzhou Co is progressively becoming less dependent on debt to grow their business.

GSP Automotive Group Wenzhou Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for GSP Automotive Group Wenzhou 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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GSP Automotive Group Wenzhou Co LT-Debt-to-Total-Asset Chart

GSP Automotive Group Wenzhou Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.13

GSP Automotive Group Wenzhou 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															0.14	0.12	0.12	0.13	0.12

GSP Automotive Group Wenzhou Co LT-Debt-to-Total-Asset Calculation

GSP Automotive Group Wenzhou 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 )
	=	560.909	/	4385.924
	=	0.13

GSP Automotive Group Wenzhou 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 )
	=	552.271	/	4562.571
	=	0.12

GSP Automotive Group Wenzhou Co (SHSE:605088) 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.

GSP Automotive Group Wenzhou Co LT-Debt-to-Total-Asset Related Terms

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GSP Automotive Group Wenzhou Co (SHSE:605088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » GSP Automotive Group Wenzhou Co Ltd (SHSE:605088) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1, Gaoxiang Road,, Ouhai High-tech Industrial Park, Zhejiang Province, Wenzhou, CHN, 325006

Website

http://www.gsp.cn

GSP Automotive Group Wenzhou Co Ltd is engaged in the research, development, production and sales of automotive transmission system components. The company produces drive shafts, constant velocity joint kits, hub assemblies wheel bearings and rubber-to-metal components. Its product categories include Drive Shaft; CV Joint; Boot Kits; Hub Assembly; Wheel Bearing; Rubber Mounting; and Steering and Suspension.

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