Luohe Letone Hydraulics Technology Co (BJSE:832225) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Luohe Letone Hydraulics Technology 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. Luohe Letone Hydraulics Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Luohe Letone Hydraulics Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.01). It may suggest that Luohe Letone Hydraulics Technology Co is progressively becoming more dependent on debt to grow their business.

Luohe Letone Hydraulics Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Luohe Letone Hydraulics Technology 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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Luohe Letone Hydraulics Technology Co LT-Debt-to-Total-Asset Chart

Luohe Letone Hydraulics Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.01

0.02

0.01

Luohe Letone Hydraulics Technology Co Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.01	0.01	0.01

Luohe Letone Hydraulics Technology Co LT-Debt-to-Total-Asset Calculation

Luohe Letone Hydraulics Technology 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 )
	=	8.505	/	780.092
	=	0.01

Luohe Letone Hydraulics Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	10.341	/	778.916
	=	0.01

Luohe Letone Hydraulics Technology Co (BJSE:832225) 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.

Luohe Letone Hydraulics Technology Co LT-Debt-to-Total-Asset Related Terms

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Luohe Letone Hydraulics Technology Co (BJSE:832225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Luohe Letone Hydraulics Technology Co Ltd (BJSE:832225) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Dongfanghong Road, National Luohe Economic and Technological Development Zone, Henan Province, Luohe City, CHN, 462000

Website

https://www.letone.cn

Luohe Letone Hydraulics Technology Co Ltd is engaged in research and development, production, and sales of rubber hydraulic hoses. It is focused on polymer material blending, polymer material modification, hydraulic hoses, oil drilling hoses, fracturing hoses, rubber-plastic composite hoses, ultra-high pressure resin hoses, and fluid connections. It provides high-efficiency solutions for fluid transportation, high-performance solutions for polymer material blends, and high-efficiency transportation for shale oil and gas stimulation and acid fracturing pipelines.

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