Huaming Power Equipment Co (SZSE:002270) Debt-to-Asset

: 0.08 (As of Dec. 2023)

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Huaming Power Equipment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥126 Mil. Huaming Power Equipment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥254 Mil. Huaming Power Equipment Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was ¥4,518 Mil. Huaming Power Equipment Co's debt to asset for the quarter that ended in Dec. 2023 was 0.08.

Huaming Power Equipment Co Debt-to-Asset Historical Data

The historical data trend for Huaming Power 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.

Huaming Power Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.26

0.24

0.18

0.13

0.08

Huaming Power Equipment Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset																0.13	0.10	0.10	0.09	0.08

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Huaming Power 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.

Huaming Power Equipment Co Debt-to-Asset Distribution

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

* The bar in red indicates where Huaming Power Equipment Co's Debt-to-Asset falls into.

Huaming Power Equipment Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Huaming Power 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
	=	(125.872	+	254.425)	/	4518.148
	=	0.08

Huaming Power Equipment Co's Debt-to-Asset for the quarter 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
	=	(125.872	+	254.425)	/	4518.148
	=	0.08

Huaming Power Equipment Co (SZSE:002270) 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.

Huaming Power Equipment Co Debt-to-Asset Related Terms

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Huaming Power Equipment Co (SZSE:002270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Huaming Power Equipment Co Ltd (SZSE:002270) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 977, Tongpu Road, Putuo District, Shanghai, CHN, 200333

Website

http://www.hmoltc.com

Huaming Power Equipment Co Ltd is a Chinese company operating in the tap changer industry. Its products are on-load and off-circuit tap changers for transformeThat motor drive unit, online oil filter and other accessories. The products offered by the company is used in power grids and energy sector, chemical, metallurgical and railway projects, among others. The company offers products in the categories of OLTC and DETC. OLTC includes products of conventional type, vacuum type, dry type and gas insulated type, whereas DETC covers products of cage type and drum type.

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