Xiangtan Electric Manufacturing Co (SHSE:600416) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Xiangtan Electric Manufacturing 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. Xiangtan Electric Manufacturing Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Xiangtan Electric Manufacturing Co's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.06). It may suggest that Xiangtan Electric Manufacturing Co is progressively becoming less dependent on debt to grow their business.

Xiangtan Electric Manufacturing Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xiangtan Electric Manufacturing 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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Xiangtan Electric Manufacturing Co LT-Debt-to-Total-Asset Chart

Xiangtan Electric Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.05

0.04

0.12

0.07

Xiangtan Electric Manufacturing 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															0.08	0.09	0.08	0.07	0.06

Xiangtan Electric Manufacturing Co LT-Debt-to-Total-Asset Calculation

Xiangtan Electric Manufacturing 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 )
	=	994.962	/	14435.741
	=	0.07

Xiangtan Electric Manufacturing 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 )
	=	789.084	/	14315.089
	=	0.06

Xiangtan Electric Manufacturing Co (SHSE:600416) 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.

Xiangtan Electric Manufacturing Co LT-Debt-to-Total-Asset Related Terms

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Xiangtan Electric Manufacturing Co (SHSE:600416) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xiangtan Electric Manufacturing Co Ltd (SHSE:600416) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 302 Xiashesi Street, Xiangtan, Hunan, CHN, 411101

Website

http://www.xemc.com.cn

Xiangtan Electric Manufacturing Co., Ltd. is the backbone enterprise of China's electrical industry, the major technologies and equipment production. It is also involved in R&D and is the designated manufacturer of defense equipment.

Executives

Wang Lin	Director
Zhao Wen Hong	senior management
Zhong Xue Chao	Supervisors
Liu Shao Cheng	Supervisors
Yu Yuan Liang	senior management
Yao Li Min	senior management
Zhou Jian Xiong	Director
Li Ji Ping	Director
Su Ming	senior management
Xiao Ren Zhang	Supervisors
Liu Hai Qiang	senior management
Liu Ning Xian	Supervisors
Zhang Jian Wei	Director
Zhao Yi Jun	Director
Luo Jian Rong	senior management

Xiangtan Electric Manufacturing Co (SHSE:600416) Headlines

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