Guodian Nanjing Automation Co (SHSE:600268) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Guodian Nanjing Automation 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. Guodian Nanjing Automation Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Guodian Nanjing Automation Co's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.03). It may suggest that Guodian Nanjing Automation Co is progressively becoming less dependent on debt to grow their business.

Guodian Nanjing Automation Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guodian Nanjing Automation 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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Guodian Nanjing Automation Co LT-Debt-to-Total-Asset Chart

Guodian Nanjing Automation 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

0.05

0.03

Guodian Nanjing Automation 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															0.04	0.05	0.03	0.03	0.03

Guodian Nanjing Automation Co LT-Debt-to-Total-Asset Calculation

Guodian Nanjing Automation 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 )
	=	303.076	/	9943.056
	=	0.03

Guodian Nanjing Automation 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 )
	=	304.649	/	9808.524
	=	0.03

Guodian Nanjing Automation Co (SHSE:600268) 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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Guodian Nanjing Automation Co (SHSE:600268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guodian Nanjing Automation Co Ltd (SHSE:600268) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 39, Shuige Road, Jiangning Development Zone, Jiangsu, Nanjing, CHN, 210032

Website

http://www.sac-china.com

Guodian Nanjing Automation Co Ltd is engaged in grid automation, power plant automation, water conservation, hydropower automation, rail transportation automation, industrial automation, and information security monitoring systems.

Executives

Wang Ru	senior management
Wang Feng Jiao	Director
Zhou Qian	senior management
Luo Zhen Xin	Director
Liu Wei	senior management
Jing Hai Lin	Director
Guo Xiao Jun	Director
Liu Ying	Director
Dong Wen	senior management
Ying Guang Wei	Director

Guodian Nanjing Automation Co (SHSE:600268) Headlines

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