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Zhejiang Wandekai Fluid Equipment Technology Co (SZSE:301309) Debt-to-Asset : 0.03 (As of Sep. 2024)


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What is Zhejiang Wandekai Fluid Equipment Technology Co Debt-to-Asset?

Zhejiang Wandekai Fluid Equipment Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥51.1 Mil. Zhejiang Wandekai Fluid Equipment Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0.4 Mil. Zhejiang Wandekai Fluid Equipment Technology Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was ¥1,718.8 Mil. Zhejiang Wandekai Fluid Equipment Technology Co's debt to asset for the quarter that ended in Sep. 2024 was 0.03.


Zhejiang Wandekai Fluid Equipment Technology Co Debt-to-Asset Historical Data

The historical data trend for Zhejiang Wandekai Fluid Equipment 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.

Zhejiang Wandekai Fluid Equipment Technology Co Debt-to-Asset Chart

Zhejiang Wandekai Fluid Equipment Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial 0.09 0.21 0.25 0.02 0.05

Zhejiang Wandekai Fluid Equipment Technology Co Quarterly Data
Dec18 Dec19 Dec20 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 0.08 0.05 0.07 0.03 0.03

Competitive Comparison of Zhejiang Wandekai Fluid Equipment Technology Co's Debt-to-Asset

For the Building Products & Equipment subindustry, Zhejiang Wandekai Fluid Equipment 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.


Zhejiang Wandekai Fluid Equipment Technology Co's Debt-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhejiang Wandekai Fluid Equipment Technology Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Zhejiang Wandekai Fluid Equipment Technology Co's Debt-to-Asset falls into.


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Zhejiang Wandekai Fluid Equipment Technology Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Zhejiang Wandekai Fluid Equipment 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
=(80.937 + 0.18) / 1675.273
=0.05

Zhejiang Wandekai Fluid Equipment 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
=(51.064 + 0.388) / 1718.82
=0.03

* 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.


Zhejiang Wandekai Fluid Equipment Technology Co  (SZSE:301309) 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 Wandekai Fluid Equipment Technology Co Debt-to-Asset Related Terms

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Zhejiang Wandekai Fluid Equipment Technology Co Business Description

Traded in Other Exchanges
N/A
Address
Fisheries in Donggang Village, Longxi Town, Zhejiang Province, Yuhuan, CHN, 317609
Zhejiang Wandekai Fluid Equipment Technology Co Ltd is engaged in the design, development, production and sales of plumbing equipment. The products are mainly divided into three categories: brass valves, fittings, HVAC products. The products are positioned in the middle and high grade, highlighting the advantages of environmental protection, favored by consumers in North America, Europe and other developed markets.

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