Avic Heavy Machinery Co (SHSE:600765) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Avic Heavy Machinery 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. Avic Heavy Machinery Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Avic Heavy Machinery Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.08). It may suggest that Avic Heavy Machinery Co is progressively becoming more dependent on debt to grow their business.

Avic Heavy Machinery Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Avic Heavy Machinery 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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Avic Heavy Machinery Co LT-Debt-to-Total-Asset Chart

Avic Heavy Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.14

0.11

0.02

0.08

Avic Heavy Machinery 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															0.02	0.05	0.07	0.08	0.08

Avic Heavy Machinery Co LT-Debt-to-Total-Asset Calculation

Avic Heavy Machinery 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 )
	=	1996.216	/	25429.356
	=	0.08

Avic Heavy Machinery 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 )
	=	2017.361	/	25851.238
	=	0.08

Avic Heavy Machinery Co (SHSE:600765) 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.

Avic Heavy Machinery Co LT-Debt-to-Total-Asset Related Terms

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Avic Heavy Machinery Co (SHSE:600765) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Avic Heavy Machinery Co Ltd (SHSE:600765) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 501, Beitun Road, Xintian Village, Wudang District, Guizhou Province, Guiyang, CHN, 550018

Website

http://www.hm.avic.com

Avic Heavy Machinery Co Ltd is a China-based company engaged in the development, production, and sale of both military and civilian-used high-end equipment. It manufactures hydraulic parts, hydraulic systems, forging products, heat exchangers and gas turbines in China. The company operates in the business areas of Forging business, Hydraulic business, and New energy business. In the Forging business, the company mainly produces die forgings, free forgings, isothermal forgings and rings of different materials. In Hydraulic business, the main products are various types of heat exchangers, high-speed rotating machinery (turbine, pumps, fans), oil tanks, cooling devices, high-temperature insulation components.

Executives

Li Yang	senior management
Hu Ling Hong	Directors, senior managers
Ji Sheng Li	senior management
Zhang Zheng Yuan	senior management
Mao Yuan	Supervisors
Ran Xing	Director
Wang Zhi Hong	senior management
Qiao Kun	senior management
Liu Zhong Wen	senior management
Sun Ji Bing	senior management
Li Xue Qin	Director
Jiang Chao	Director
Ji Su Chun	senior management
Huang Yun	Director
Hu Hai Yin	senior management

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