Rong Fa Nuclear Equipment Co (SZSE:002366) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)

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What is Rong Fa Nuclear Equipment 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. Rong Fa Nuclear Equipment Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

Rong Fa Nuclear Equipment Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.18). It may suggest that Rong Fa Nuclear Equipment Co is progressively becoming more dependent on debt to grow their business.

Rong Fa Nuclear Equipment Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rong Fa Nuclear Equipment 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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Rong Fa Nuclear Equipment Co LT-Debt-to-Total-Asset Chart

Rong Fa Nuclear Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.01

0.12

0.18

Rong Fa Nuclear Equipment 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															0.02	0.01	0.01	0.18	0.18

Rong Fa Nuclear Equipment Co LT-Debt-to-Total-Asset Calculation

Rong Fa Nuclear Equipment 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 )
	=	1504.139	/	8347.95
	=	0.18

Rong Fa Nuclear Equipment 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 )
	=	1503.463	/	8225.463
	=	0.18

Rong Fa Nuclear Equipment Co (SZSE:002366) 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.

Rong Fa Nuclear Equipment Co LT-Debt-to-Total-Asset Related Terms

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Rong Fa Nuclear Equipment Co (SZSE:002366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rong Fa Nuclear Equipment Co Ltd (SZSE:002366) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Heilong Town, Danfu Industrial Park, Qingshen County, Sichuan, CHN, 620461

Website

http://www.scdanfu.cn

Rong Fa Nuclear Equipment Co Ltd, formerly Taihai Manoir Nuclear Equipment Co Ltd is engaged in the manufacturing and sales of nuclear power equipment, nuclear waste after treatment system equipment, petrochemical equipment, and offshore equipment. The company designs, manufactures, sells, installs, and provides after-sales service of complete sets of equipment; purchase and sale of cobalt and nickel alloy concentrates; other high-end equipment and materials sales.

Executives

Wang Xue Xin	Director
Hao Guang Zheng	Director
Jiang Ming Jie	Directors, executives
Wang Sheng Yi	Executives
Xin Jun	Director
Wang Xin	Supervisors
Li Zheng Jun	Executives
Liu Zhi Ying	Executives
Luo Zhi Zhong	Directors, executives
Xiang Bing	Supervisors
Zhu Xue Qian	Director
Zhou Zheng Hong	Directors, executives
Chen De Quan	Director
Hu Yong Dong	Supervisors
Ma Jun	Director

Rong Fa Nuclear Equipment Co (SZSE:002366) Headlines

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