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Mingyang Technology Suzhou Co (BJSE:837663) Debt-to-Asset : 0.01 (As of Sep. 2024)


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What is Mingyang Technology Suzhou Co Debt-to-Asset?

Mingyang Technology Suzhou Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥3.2 Mil. Mingyang Technology Suzhou Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0.0 Mil. Mingyang Technology Suzhou Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was ¥423.2 Mil. Mingyang Technology Suzhou Co's debt to asset for the quarter that ended in Sep. 2024 was 0.01.


Mingyang Technology Suzhou Co Debt-to-Asset Historical Data

The historical data trend for Mingyang Technology Suzhou Co's Debt-to-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.

Mingyang Technology Suzhou Co Debt-to-Asset Chart

Mingyang Technology Suzhou Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.24 0.16 0.12 0.08

Mingyang Technology Suzhou Co Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-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 0.07 0.08 0.05 0.01 0.01

Competitive Comparison of Mingyang Technology Suzhou Co's Debt-to-Asset

For the Auto Parts subindustry, Mingyang Technology Suzhou Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mingyang Technology Suzhou Co's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mingyang Technology Suzhou Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Mingyang Technology Suzhou Co's Debt-to-Asset falls into.



Mingyang Technology Suzhou Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Mingyang Technology Suzhou Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(32.366 + 3.653) / 464.056
=0.08

Mingyang Technology Suzhou Co's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

* 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.


Mingyang Technology Suzhou Co  (BJSE:837663) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


Mingyang Technology Suzhou Co Debt-to-Asset Related Terms

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Mingyang Technology Suzhou Co Business Description

Traded in Other Exchanges
N/A
Address
No. 88, Wujin Road, Wujiang Economic and Technological Development Zone, Jiangsu Province, Suzhou City, CHN, 215216
Mingyang Technology Suzhou Co Ltd engages in research and development, production, and sales of core components for automotive seat adjustment systems.

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