Wei Hai Creditfan Ventilator Co (BJSE:831689) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is Wei Hai Creditfan Ventilator Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Wei Hai Creditfan Ventilator Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Wei Hai Creditfan Ventilator Co's long-term debt to total assets ratio increased from Sep. 2023 (0.02) to Sep. 2024 (0.04). It may suggest that Wei Hai Creditfan Ventilator Co is progressively becoming more dependent on debt to grow their business.

Wei Hai Creditfan Ventilator Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wei Hai Creditfan Ventilator Co's LT-Debt-to-Total-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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Wei Hai Creditfan Ventilator Co LT-Debt-to-Total-Asset Chart

Wei Hai Creditfan Ventilator Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.01

0.02

Wei Hai Creditfan Ventilator Co Quarterly Data
	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.04

Wei Hai Creditfan Ventilator Co LT-Debt-to-Total-Asset Calculation

Wei Hai Creditfan Ventilator Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	10.406	/	697.038
	=	0.01

Wei Hai Creditfan Ventilator Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	29.554	/	725.519
	=	0.04

Wei Hai Creditfan Ventilator Co (BJSE:831689) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Wei Hai Creditfan Ventilator Co LT-Debt-to-Total-Asset Related Terms

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Wei Hai Creditfan Ventilator Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wei Hai Creditfan Ventilator Co Ltd (BJSE:831689) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 111, Xingshan Road,, Torch High-tech Industrial Development Zone, Chucun Town, Shandong Province, Weihai, CHN, 264210

Website

https://www.creditfan.com.cn

Wei Hai Creditfan Ventilator Co Ltd designs develops and manufactures ventilation and air handling system equipment and accessories such as ventilators and ventilation and cooling systems. It offers ventilation equipment products and systems in high-end equipment industries such as rail transit ventilation and cooling equipment, energy ventilation and cooling equipment, marine engineering and ship fans, cooling tower and air cooler fans, and refrigeration fans.

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