Guangdong Tengen Industrial Group Co (SZSE:003003) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Guangdong Tengen Industrial Group 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. Guangdong Tengen Industrial Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Guangdong Tengen Industrial Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.00). It may suggest that Guangdong Tengen Industrial Group Co is progressively becoming less dependent on debt to grow their business.

Guangdong Tengen Industrial Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangdong Tengen Industrial Group 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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Guangdong Tengen Industrial Group Co LT-Debt-to-Total-Asset Chart

Guangdong Tengen Industrial Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.07

0.04

Guangdong Tengen Industrial Group 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															0.04	0.04	0.04	-	-

Guangdong Tengen Industrial Group Co LT-Debt-to-Total-Asset Calculation

Guangdong Tengen Industrial Group 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 )
	=	0.022	/	1643.734
	=	0.00

Guangdong Tengen Industrial Group 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 )
	=	0	/	1684.436
	=	0.00

Guangdong Tengen Industrial Group Co (SZSE:003003) 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.

Guangdong Tengen Industrial Group Co LT-Debt-to-Total-Asset Related Terms

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Guangdong Tengen Industrial Group Co (SZSE:003003) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Guangdong Tengen Industrial Group Co Ltd (SZSE:003003) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.172, Shangyuan Road, Songgang Industrial Zone, Qingxi Town, Guangdong Province, Dongguan, CHN, 523640

Website

http://www.gdtengen.com

Guangdong Tengen Industrial Group Co Ltd is engaged in production and sales of a full range of express logistics packaging printed materials such as waybills, document seals, express bags, and stickers. The company's products portfolio includes Express e-commerce supplies; Supermarket supplies; Anti-counterfeiting products; Cold chain products; standard product; Postal label; Composite bag; Raw materials; Office Supplies; Logistics equipment; and Advertising media.

Executives

Deng Chao Ran	Director
Jia Qiang	Director

Guangdong Tengen Industrial Group Co (SZSE:003003) Headlines

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