OKE Precision Cutting Tools Co (SHSE:688308) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is OKE Precision Cutting Tools 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. OKE Precision Cutting Tools Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

OKE Precision Cutting Tools Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.02). It may suggest that OKE Precision Cutting Tools Co is progressively becoming more dependent on debt to grow their business.

OKE Precision Cutting Tools Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for OKE Precision Cutting Tools 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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OKE Precision Cutting Tools Co LT-Debt-to-Total-Asset Chart

OKE Precision Cutting Tools Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

OKE Precision Cutting Tools 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

OKE Precision Cutting Tools Co LT-Debt-to-Total-Asset Calculation

OKE Precision Cutting Tools 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 )
	=	0	/	3880.235
	=	0.00

OKE Precision Cutting Tools 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 )
	=	78	/	3982.948
	=	0.02

OKE Precision Cutting Tools Co (SHSE:688308) 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.

OKE Precision Cutting Tools Co LT-Debt-to-Total-Asset Related Terms

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OKE Precision Cutting Tools Co (SHSE:688308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » OKE Precision Cutting Tools Co Ltd (SHSE:688308) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.8, Chuangye 4th Road, Small and Medium Enterprise Pioneer Park, Hunan Province. Lusong District, Yanling County, Zhuzhou, CHN, 412500

Website

http://www.oke-carbide.com

OKE Precision Cutting Tools Co Ltd is involved in the research and development, production and sales of cemented carbide products and CNC tool products. It offers CNC tool, carbide serrated blade, carbide disc and other cemented and carbide products.

Executives

Tan Wen Qing	Director
Su Zhen Hua	Director
Liang Bao Yu	Director
Han Hong Tao	Director
Yuan Mei He	Director

OKE Precision Cutting Tools Co (SHSE:688308) Headlines

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