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Wuxi Paike New Materials Technology Co (SHSE:605123) Debt-to-Asset : 0.08 (As of Sep. 2024)


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What is Wuxi Paike New Materials Technology Co Debt-to-Asset?

Wuxi Paike New Materials Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥448 Mil. Wuxi Paike New Materials Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥92 Mil. Wuxi Paike New Materials Technology Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was ¥7,023 Mil. Wuxi Paike New Materials Technology Co's debt to asset for the quarter that ended in Sep. 2024 was 0.08.


Wuxi Paike New Materials Technology Co Debt-to-Asset Historical Data

The historical data trend for Wuxi Paike New Materials Technology 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.

Wuxi Paike New Materials Technology Co Debt-to-Asset Chart

Wuxi Paike New Materials Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial 0.11 0.03 0.02 0.07 0.06

Wuxi Paike New Materials Technology 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 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 0.06 0.06 0.07 0.08

Competitive Comparison of Wuxi Paike New Materials Technology Co's Debt-to-Asset

For the Metal Fabrication subindustry, Wuxi Paike New Materials Technology 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.


Wuxi Paike New Materials Technology Co's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi Paike New Materials Technology Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Wuxi Paike New Materials Technology Co's Debt-to-Asset falls into.



Wuxi Paike New Materials Technology Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Wuxi Paike New Materials Technology 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
=(327.57 + 65.34) / 6614.937
=0.06

Wuxi Paike New Materials Technology 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
=(447.891 + 91.543) / 7022.5
=0.08

* 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.


Wuxi Paike New Materials Technology Co  (SHSE:605123) 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.


Wuxi Paike New Materials Technology Co Debt-to-Asset Related Terms

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Wuxi Paike New Materials Technology Co Business Description

Traded in Other Exchanges
N/A
Address
Lianhe Road, Hudai Industrial Resettlement Zone, North District, Binhu District, Jiangsu Province, Wuxi, CHN, 214161
Wuxi Paike New Materials Technology Co Ltd is engaged in production and sales of metal forgings. Its main products are ring forgings and various types of free forgings. The company's products are categorized as Chemical & Petroleum; Machinery; Valve; Power; Marine; and High End Products.

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