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Est Tools Co (SZSE:300488) LT-Debt-to-Total-Asset : 0.23 (As of Mar. 2024)


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What is Est 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. Est Tools Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.23.

Est Tools Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.23). It may suggest that Est Tools Co is progressively becoming more dependent on debt to grow their business.


Est Tools Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Est 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.

* Premium members only.

Est Tools Co LT-Debt-to-Total-Asset Chart

Est Tools Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.02 0.02 - -

Est 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 0.23

Est Tools Co LT-Debt-to-Total-Asset Calculation

Est 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 )
=0/1589.979
=0.00

Est 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 )
=509.398/2190.454
=0.23

* 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.


Est Tools Co  (SZSE:300488) 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.


Est Tools Co LT-Debt-to-Total-Asset Related Terms

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Est Tools Co (SZSE:300488) Business Description

Traded in Other Exchanges
N/A
Address
No. 239 Xinqiao North Road, Wuyuan Town, Zhejiang Province, Jiaxing, CHN, 314300
Est Tools Co Ltd is engaged the company is engaged in the research and development, production and sales of machine tools. The products mainly include precision complex, miscellaneous tools, spline measuring tools, precision cutting tools, and other metal cutting tools and high-precision measuring instruments. The company also offer edge measuring tools, including thread cutters, spline gages, and molding cutters.
Executives
Xu Jian Wei Supervisors
Hu Jin Qiu Securities Affairs Representative
Chen Er Rong Director
Zheng Ji Liang Executives
Zhou Yao Juan Executives
He Qin Song Executives
Yao Hai Feng Executives

Est Tools Co (SZSE:300488) Headlines

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