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Shandong Tengda Fasten Tech Co (SZSE:001379) Debt-to-Revenue : 0.02 (As of Mar. 2024)


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What is Shandong Tengda Fasten Tech Co Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Shandong Tengda Fasten Tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥8 Mil. Shandong Tengda Fasten Tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥17 Mil. Shandong Tengda Fasten Tech Co's annualized Revenue for the quarter that ended in Mar. 2024 was ¥1,648 Mil. Shandong Tengda Fasten Tech Co's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.


Shandong Tengda Fasten Tech Co Debt-to-Revenue Historical Data

The historical data trend for Shandong Tengda Fasten Tech Co's Debt-to-Revenue 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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Shandong Tengda Fasten Tech Co Debt-to-Revenue Chart

Shandong Tengda Fasten Tech Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Revenue
- 0.18 0.13 0.07 0.02

Shandong Tengda Fasten Tech Co Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.01 0.01 0.02 0.02

Competitive Comparison of Shandong Tengda Fasten Tech Co's Debt-to-Revenue

For the Tools & Accessories subindustry, Shandong Tengda Fasten Tech Co's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shandong Tengda Fasten Tech Co's Debt-to-Revenue Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandong Tengda Fasten Tech Co's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Shandong Tengda Fasten Tech Co's Debt-to-Revenue falls into.



Shandong Tengda Fasten Tech Co Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Shandong Tengda Fasten Tech Co's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(20.613 + 12.217) / 1734.735
=0.02

Shandong Tengda Fasten Tech Co's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(7.716 + 17.114) / 1648.136
=0.02

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.


Shandong Tengda Fasten Tech Co Debt-to-Revenue Related Terms

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Shandong Tengda Fasten Tech Co (SZSE:001379) Business Description

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Shandong Tengda Fasten Tech Co Ltd is engaged in research and development, production and sales of stainless steel fastener products. Its product include bolt, nut, screws, washer, rivet, wood etc.

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