Aeolus Tyre Co (SHSE:600469) Debt-to-Asset : 0.17 (As of Sep. 2024)

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What is Aeolus Tyre Co Debt-to-Asset?

Aeolus Tyre Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥4 Mil. Aeolus Tyre Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥1,230 Mil. Aeolus Tyre Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was ¥7,478 Mil. Aeolus Tyre Co's debt to asset for the quarter that ended in Sep. 2024 was 0.17.

Aeolus Tyre Co Debt-to-Asset Historical Data

The historical data trend for Aeolus Tyre 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.

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Aeolus Tyre Co Debt-to-Asset Chart

Aeolus Tyre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.32

0.22

0.18

Aeolus Tyre Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	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															0.16	0.18	0.17	0.17	0.17

Competitive Comparison of Aeolus Tyre Co's Debt-to-Asset

For the Auto Parts subindustry, Aeolus Tyre 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.

Aeolus Tyre Co's Debt-to-Asset Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Aeolus Tyre Co's Debt-to-Asset falls into.

Aeolus Tyre Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Aeolus Tyre 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
	=	(281.912	+	1012.877)	/	7194.594
	=	0.18

Aeolus Tyre Co's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(4.431	+	1229.632)	/	7477.889
	=	0.17

Aeolus Tyre Co (SHSE:600469) 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.

Aeolus Tyre Co Debt-to-Asset Related Terms

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Aeolus Tyre Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aeolus Tyre Co Ltd (SHSE:600469) » Definitions » Debt-to-Asset

Traded in Other Exchanges

N/A

Address

No. 48, Jiaodong South Road, Jiaozuo, Henan, CHN, 454003

Website

http://www.aeolustyre.com

Aeolus Tyre Co Ltd is engaged in the manufacturing of tires. The company mainly produces more than 1,000 specifications and varieties of trucks and buses and off-road tires under multiple brands such as "Fengshen", "Fengli" and "Henan", and its products are sold well in more than 140 countries and regions around the world. The company has the design and production capabilities of a full range of trucks, buses, and off-road tires.

Executives

Shen Hong Liang

Director

Aeolus Tyre Co Headlines

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