Huayu Automotive Systems Co (SHSE:600741) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Huayu Automotive Systems 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. Huayu Automotive Systems Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Huayu Automotive Systems Co's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.04). It may suggest that Huayu Automotive Systems Co is progressively becoming less dependent on debt to grow their business.

Huayu Automotive Systems Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Huayu Automotive Systems 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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Huayu Automotive Systems Co LT-Debt-to-Total-Asset Chart

Huayu Automotive Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.04

0.05

0.04

Huayu Automotive Systems 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															0.05	0.04	0.04	0.04	0.04

Huayu Automotive Systems Co LT-Debt-to-Total-Asset Calculation

Huayu Automotive Systems 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 )
	=	7180.178	/	176096.527
	=	0.04

Huayu Automotive Systems 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 )
	=	6858.704	/	174585.577
	=	0.04

Huayu Automotive Systems Co (SHSE:600741) 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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Huayu Automotive Systems Co (SHSE:600741) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Huayu Automotive Systems Co Ltd (SHSE:600741) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

489, WeiHai Road, Shanghai, CHN, 200041

Website

http://www.huayu-auto.com

Huayu Automotive Systems Co Ltd is a China-based company engaged in the business of manufacturing and marketing of automotive components. The company is focused on the research and development, production, and marketing of automotive components. The organization operates in the business segments of Metal forming and dies which includes press machine dies, door panels, and others; Interior and exterior trimming which includes dashboard, airbag, seat assembly, etc; Electric and electronics parts including motor, roof window, smart key and others; Function parts such as exhaust system, spring, braking system; Hot-worked parts like piston, cylinder head; and New energy vehicle such as driving motor, power steering and other parts.

Executives

Jiang Dong Yue	Supervisors
Chen Xiao Dong	Director
Zhang Hai Tao	Director
Mao Qi Wei	senior management
Xun Yi Zhong	Director

Huayu Automotive Systems Co (SHSE:600741) Headlines

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