Landai Technology Group (SZSE:002765) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

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What is Landai Technology Group 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. Landai Technology Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.10.

Landai Technology Group's long-term debt to total assets ratio increased from Sep. 2023 (0.08) to Sep. 2024 (0.10). It may suggest that Landai Technology Group is progressively becoming more dependent on debt to grow their business.

Landai Technology Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Landai Technology Group'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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Landai Technology Group LT-Debt-to-Total-Asset Chart

Landai Technology Group 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

0.04

0.07

0.09

Landai Technology Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.09	0.10	0.11	0.10

Landai Technology Group LT-Debt-to-Total-Asset Calculation

Landai Technology Group'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 )
	=	461.847	/	5078.81
	=	0.09

Landai Technology Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	540.24	/	5370.236
	=	0.10

Landai Technology Group (SZSE:002765) 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.

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Landai Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Landai Technology Group Corp Ltd (SZSE:002765) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 100, Jianshan Road, Biquan Street, Bishan District, Chongqing, CHN, 402760

Website

http://www.cqld.com

Landai Technology Group Corp Ltd is engaged in research and development, production and sales of passenger car transmission gears and housings, transmission assemblies, and motorcycle main and countershaft components; research and development, production and sales of related products related to touch screen and touch display integration.

Executives

Tang Hai Chuan	Directors, executives
Bian Wei Qin	Directors, executives
Ding Jia Hai	Directors, executives
Huang Bai Hong	Directors, executives
Zhu Jun Han	Directors, executives
Wu Zhi Lan	Supervisors
Zhou Yong	Supervisors
Chen Xiao Hong	Directors, executives

Landai Technology Group Headlines

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