Wuxi Fangsheng Heat Exchanger (BJSE:832662) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Wuxi Fangsheng Heat Exchanger 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. Wuxi Fangsheng Heat Exchanger's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Wuxi Fangsheng Heat Exchanger's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.02). It may suggest that Wuxi Fangsheng Heat Exchanger is progressively becoming more dependent on debt to grow their business.

Wuxi Fangsheng Heat Exchanger LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wuxi Fangsheng Heat Exchanger'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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Wuxi Fangsheng Heat Exchanger LT-Debt-to-Total-Asset Chart

Wuxi Fangsheng Heat Exchanger Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

Wuxi Fangsheng Heat Exchanger Quarterly Data
	Jun19	Sep19	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	0.02	0.01	0.02	0.02

Wuxi Fangsheng Heat Exchanger LT-Debt-to-Total-Asset Calculation

Wuxi Fangsheng Heat Exchanger'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 )
	=	9.552	/	581.713
	=	0.02

Wuxi Fangsheng Heat Exchanger'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 )
	=	8.424	/	562.363
	=	0.01

Wuxi Fangsheng Heat Exchanger (BJSE:832662) 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.

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Wuxi Fangsheng Heat Exchanger (BJSE:832662) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Fangsheng Heat Exchanger Corp Ltd (BJSE:832662) » Definitions » LT-Debt-to-Total-Asset

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Address

30, Changkang Road, Mashan No. 5 Bridge, Binhu District, Jiangsu Province, Wuxi City, CHN, 214092

Website

http://www.fscoolers.com

Wuxi Fangsheng Heat Exchanger Corp Ltd engages in research and development, design, production, and sales of plate-fin heat exchangers and heat exchange systems. Its Heat Exchangers are widely applied in many fields such as construction machinery, new energy system, and rail transit.

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