Dongguan Winnerway Industrial Zone (SZSE:000573) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Dongguan Winnerway Industrial Zone 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. Dongguan Winnerway Industrial Zone's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Dongguan Winnerway Industrial Zone's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.04). It may suggest that Dongguan Winnerway Industrial Zone is progressively becoming less dependent on debt to grow their business.

Dongguan Winnerway Industrial Zone LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dongguan Winnerway Industrial Zone'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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Dongguan Winnerway Industrial Zone LT-Debt-to-Total-Asset Chart

Dongguan Winnerway Industrial Zone Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.08

0.04

0.06

Dongguan Winnerway Industrial Zone 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															0.06	0.07	0.06	0.06	0.04

Dongguan Winnerway Industrial Zone LT-Debt-to-Total-Asset Calculation

Dongguan Winnerway Industrial Zone'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 )
	=	143.94	/	2358.736
	=	0.06

Dongguan Winnerway Industrial Zone'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 )
	=	98.508	/	2278.432
	=	0.04

Dongguan Winnerway Industrial Zone (SZSE:000573) 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.

Dongguan Winnerway Industrial Zone LT-Debt-to-Total-Asset Related Terms

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Dongguan Winnerway Industrial Zone (SZSE:000573) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Dongguan Winnerway Industrial Zone Ltd (SZSE:000573) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Hongyuan Industrial Zone, Hongyuan Road Builing 16th Floor, Nancheng District, Guangdong Province, Dongguan, CHN, 523087

Website

http://www.winnerway.com.cn

Dongguan Winnerway Industrial Zone Ltd is mainly engaged in the development, operation, sale and lease of real estate in China. The company is also involved in the construction of water supply and electric power projects.

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