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Shenyang Fortune Precision Equipment Co (SHSE:688409) Debt-to-Asset : 0.19 (As of Mar. 2024)


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What is Shenyang Fortune Precision Equipment Co Debt-to-Asset?

Shenyang Fortune Precision Equipment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥215 Mil. Shenyang Fortune Precision Equipment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,254 Mil. Shenyang Fortune Precision Equipment Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ¥7,592 Mil. Shenyang Fortune Precision Equipment Co's debt to asset for the quarter that ended in Mar. 2024 was 0.19.

Shenyang Fortune Precision Equipment Co Debt-to-Asset Historical Data

The historical data trend for Shenyang Fortune Precision Equipment 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.

Shenyang Fortune Precision Equipment Co Debt-to-Asset Chart

Shenyang Fortune Precision Equipment Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial 0.15 0.09 0.22 0.09 0.17

Shenyang Fortune Precision Equipment Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.10 0.13 0.16 0.17 0.19

Competitive Comparison of Shenyang Fortune Precision Equipment Co's Debt-to-Asset

For the Metal Fabrication subindustry, Shenyang Fortune Precision Equipment 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.

Shenyang Fortune Precision Equipment Co's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenyang Fortune Precision Equipment Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Shenyang Fortune Precision Equipment Co's Debt-to-Asset falls into.


Shenyang Fortune Precision Equipment Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Shenyang Fortune Precision Equipment 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
=(183.732 + 1122.374) / 7589.864
=0.17

Shenyang Fortune Precision Equipment Co's Debt-to-Asset for the quarter that ended in Mar. 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
=(214.88 + 1254.056) / 7591.584
=0.19

* 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.

Shenyang Fortune Precision Equipment Co  (SHSE:688409) 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.

Shenyang Fortune Precision Equipment Co Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Shenyang Fortune Precision Equipment Co's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenyang Fortune Precision Equipment Co (SHSE:688409) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenyang Fortune Precision Equipment Co Ltd (SHSE:688409) » Definitions » Debt-to-Asset
Comparable Companies
SZSE:002541 SZSE:002487 SZSE:300850 SHSE:603985 SZSE:301268 SHSE:601106 SZSE:300748 SHSE:601399 SHSE:605123 SHSE:600058 ATI MLI XTER:TKA SHSE:688122 ESAB TPE:2474 SZSE:000039 XTER:NDA CRS WOR
Traded in Other Exchanges
N/A
Address
No. 18A-1, Feiyun Road, Hunnan District, Liaoning Province, Shenyang, CHN, 110168
Website
http://www.fortune-semi.com
Shenyang Fortune Precision Equipment Co Ltd focuses on the precision manufacturing technology of metal parts and components, and has mastered one-stop manufacturing processes such as precision machinery manufacturing, high-cleanliness surface treatment, welding, assembly, and testing that can meet stringent standards.

Shenyang Fortune Precision Equipment Co (SHSE:688409) Headlines

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