Zhejiang Xinchai Co (SZSE:301032) Debt-to-Asset : 0.03 (As of Mar. 2024)

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What is Zhejiang Xinchai Co Debt-to-Asset?

Zhejiang Xinchai Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥82 Mil. Zhejiang Xinchai Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil. Zhejiang Xinchai Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ¥2,740 Mil. Zhejiang Xinchai Co's debt to asset for the quarter that ended in Mar. 2024 was 0.03.

Zhejiang Xinchai Co Debt-to-Asset Historical Data

The historical data trend for Zhejiang Xinchai 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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Zhejiang Xinchai Co Debt-to-Asset Chart

Zhejiang Xinchai Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.07

0.06

0.03

Zhejiang Xinchai Co Quarterly Data
	Dec18	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															0.03	0.03	0.03	0.03	0.03

Competitive Comparison of Zhejiang Xinchai Co's Debt-to-Asset

For the Specialty Industrial Machinery subindustry, Zhejiang Xinchai 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.

Zhejiang Xinchai Co's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Xinchai Co's Debt-to-Asset distribution charts can be found below:

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

Zhejiang Xinchai Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Zhejiang Xinchai 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
	=	(81.907	+	1.399)	/	2651.119
	=	0.03

Zhejiang Xinchai 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
	=	(81.888	+	1.429)	/	2740.145
	=	0.03

Zhejiang Xinchai Co (SZSE:301032) 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.

Zhejiang Xinchai Co Debt-to-Asset Related Terms

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Zhejiang Xinchai Co (SZSE:301032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Xinchai Co Ltd (SZSE:301032) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 Xinchang Avenue West Road, Zhejiang Province, CHN, 312500

Website

http://www.xinchaipower.com

Zhejiang Xinchai Co Ltd is engaged in the research and development, production and sales of non-road diesel engines and related parts.

Executives

Wang Guo Gang	Supervisors
Liang Zhong Qing	Supervisors
Zhou Gao Feng	Executives
Yuan Li Tao	Executives
Yang Bin Fei	Executives

Zhejiang Xinchai Co (SZSE:301032) Headlines

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