Sichuan Chengfei Integration Technology (SZSE:002190) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Sichuan Chengfei Integration Technology 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. Sichuan Chengfei Integration Technology's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Sichuan Chengfei Integration Technology's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.06). It may suggest that Sichuan Chengfei Integration Technology is progressively becoming more dependent on debt to grow their business.

Sichuan Chengfei Integration Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sichuan Chengfei Integration Technology'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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Sichuan Chengfei Integration Technology LT-Debt-to-Total-Asset Chart

Sichuan Chengfei Integration Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.06

Sichuan Chengfei Integration Technology 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	0.04	0.05	0.06	0.06

Sichuan Chengfei Integration Technology LT-Debt-to-Total-Asset Calculation

Sichuan Chengfei Integration Technology'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 )
	=	292.479	/	5346.099
	=	0.05

Sichuan Chengfei Integration Technology'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 )
	=	313.271	/	4903.317
	=	0.06

Sichuan Chengfei Integration Technology (SZSE:002190) 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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Sichuan Chengfei Integration Technology (SZSE:002190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sichuan Chengfei Integration Technology Corp Ltd (SZSE:002190) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Gaopeng Avenue, Chengdu Hi-Tech Industrial Development Zone, Sichuan, Chengdu, CHN, 610041

Website

http://www.cac-citc.com.cn

Sichuan Chengfei Integration Technology Corp Ltd is operating in the auto parts industry. The company is principally engaged in the design, development, and manufacturing of the tools and dies, with typical products such as the dies for the large and high-grade outer skin panels such as the body side, roof, doors, and fenders used in medium and high-grade cars.

Executives

Hu Chuang Jie	Director
Shi Xiao Qing	Directors, executives
Xu Hui Ping	Supervisors

Sichuan Chengfei Integration Technology (SZSE:002190) Headlines

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