Changzhou Nrb (SZSE:002708) Debt-to-Asset : 0.21 (As of Mar. 2024)

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What is Changzhou Nrb Debt-to-Asset?

Changzhou Nrb's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥639 Mil. Changzhou Nrb's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥33 Mil. Changzhou Nrb's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ¥3,244 Mil. Changzhou Nrb's debt to asset for the quarter that ended in Mar. 2024 was 0.21.

Changzhou Nrb Debt-to-Asset Historical Data

The historical data trend for Changzhou Nrb'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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Changzhou Nrb Debt-to-Asset Chart

Changzhou Nrb Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.11

0.10

0.16

0.22

0.21

Changzhou Nrb Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.23	0.26	0.26	0.21	0.21

Competitive Comparison of Changzhou Nrb's Debt-to-Asset

For the Auto Parts subindustry, Changzhou Nrb'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.

Changzhou Nrb's Debt-to-Asset Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Changzhou Nrb's Debt-to-Asset falls into.

Changzhou Nrb Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Changzhou Nrb'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
	=	(662.411	+	26.921)	/	3246.138
	=	0.21

Changzhou Nrb'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
	=	(639.238	+	32.862)	/	3243.824
	=	0.21

Changzhou Nrb (SZSE:002708) 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.

Changzhou Nrb Debt-to-Asset Related Terms

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Changzhou Nrb (SZSE:002708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changzhou Nrb Corp (SZSE:002708) » Definitions » Debt-to-Asset

Traded in Other Exchanges

N/A

Address

No.52 Hanjiang Road, New Hi-Tech District, Jiangsu, Changzhou, CHN, 213022

Website

http://www.nrb.com.cn

Changzhou Nrb Corp is engaged in the research and development, manufacturing and sales of high precision and high-reliability products like precision bearings, synchronizers, planetary platoons, and precision forgings. Its products are needle roller bearing, roller bearing, clutch release bearing, and hub bearing which are mainly applied to assemblies like automotive transmission, clutch, heavy truck axle, and hub.

Executives

Cheng Shang Nan	Director
Zhang Jian Gang	Executives
Weng Jun	Executives
Wu Chao Yang	Directors, executives
Zheng Wei Qiang	Directors, Directors, and Executives
Li Shu Hua	Director
Huang Xing Hua	Executives
Shen Ya Jun	Executives
Yao Jian Ping	Supervisors
Xu Jian Feng	Supervisors
Cheng Shang Bai	Directors, executives
Cheng Xiao Su	Director

Changzhou Nrb (SZSE:002708) Headlines

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