Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Wuxi Dingbang Heat Exchange Equipment 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. Wuxi Dingbang Heat Exchange Equipment Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Wuxi Dingbang Heat Exchange Equipment Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.07). It may suggest that Wuxi Dingbang Heat Exchange Equipment Co is progressively becoming more dependent on debt to grow their business.

Wuxi Dingbang Heat Exchange Equipment Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wuxi Dingbang Heat Exchange Equipment 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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Wuxi Dingbang Heat Exchange Equipment Co LT-Debt-to-Total-Asset Chart

Wuxi Dingbang Heat Exchange Equipment Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

Wuxi Dingbang Heat Exchange Equipment Co Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.08	0.08	0.07

Wuxi Dingbang Heat Exchange Equipment Co LT-Debt-to-Total-Asset Calculation

Wuxi Dingbang Heat Exchange Equipment 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 )
	=	50	/	598.687
	=	0.08

Wuxi Dingbang Heat Exchange Equipment 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 )
	=	50	/	697.428
	=	0.07

Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) 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.

Wuxi Dingbang Heat Exchange Equipment Co LT-Debt-to-Total-Asset Related Terms

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Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Dingbang Heat Exchange Equipment Co Ltd (BJSE:872931) » Definitions » LT-Debt-to-Total-Asset

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Address

Houshan South Road, No. 29, Anzhen Town, Xishan District, Jiangsu Province, Wuxi City, CHN, 214104

Website

http://www.ding-bang.com.cn

Wuxi Dingbang Heat Exchange Equipment Co Ltd is engaged in research and development, design, manufacturing and sales of special heat exchange equipment for oil refining and chemical industry. Its products includes various tube heat exchangers, spiral baffle heat exchangers, air-cooled heat exchangers (air coolers), plate-bundle heat exchangers and A2 pressure vessels, as well as planetary differential start of oil extraction machines.

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