Hubei Kait Automotive Electronic & Electrical Systems Co (BJSE:832978) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Hubei Kait Automotive Electronic & Electrical Systems 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. Hubei Kait Automotive Electronic & Electrical Systems Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Hubei Kait Automotive Electronic & Electrical Systems Co's long-term debt to total assets ratio declined from Sep. 2023 (0.02) to Sep. 2024 (0.00). It may suggest that Hubei Kait Automotive Electronic & Electrical Systems Co is progressively becoming less dependent on debt to grow their business.

Hubei Kait Automotive Electronic & Electrical Systems Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hubei Kait Automotive Electronic & Electrical Systems 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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Hubei Kait Automotive Electronic & Electrical Systems Co LT-Debt-to-Total-Asset Chart

Hubei Kait Automotive Electronic & Electrical Systems Co Annual Data

Trend

Dec14

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Dec20

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Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

Hubei Kait Automotive Electronic & Electrical Systems Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	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	-

Hubei Kait Automotive Electronic & Electrical Systems Co LT-Debt-to-Total-Asset Calculation

Hubei Kait Automotive Electronic & Electrical Systems 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 )
	=	21.621	/	923.228
	=	0.02

Hubei Kait Automotive Electronic & Electrical Systems 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 )
	=	1.005	/	1021.538
	=	0.00

Hubei Kait Automotive Electronic & Electrical Systems Co (BJSE:832978) 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.

Hubei Kait Automotive Electronic & Electrical Systems Co LT-Debt-to-Total-Asset Related Terms

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Hubei Kait Automotive Electronic & Electrical Systems Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hubei Kait Automotive Electronic & Electrical Systems Co Ltd (BJSE:832978) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 36, Changjiang Road, 3rd Floor, No. 25, Wuchang, Hubei, Wuhan, CHN, 430064

Website

https://en.kait.com.cn

Hubei Kait Automotive Electronic & Electrical Systems Co Ltd is engaged in research & development, production and sales of automotive thermal system products such as sensors, controllers and actuators.

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