Zhejiang Tianhong Lithiumion Battery (BJSE:873152) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Zhejiang Tianhong Lithiumion Battery 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. Zhejiang Tianhong Lithiumion Battery's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Zhejiang Tianhong Lithiumion Battery's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.00). It may suggest that Zhejiang Tianhong Lithiumion Battery is progressively becoming more dependent on debt to grow their business.

Zhejiang Tianhong Lithiumion Battery LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Tianhong Lithiumion Battery'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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Zhejiang Tianhong Lithiumion Battery LT-Debt-to-Total-Asset Chart

Zhejiang Tianhong Lithiumion Battery Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.06

0.03

0.01

Zhejiang Tianhong Lithiumion Battery 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															-	0.01	0.01	0.01	-

Zhejiang Tianhong Lithiumion Battery LT-Debt-to-Total-Asset Calculation

Zhejiang Tianhong Lithiumion Battery'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 )
	=	2.583	/	377.464
	=	0.01

Zhejiang Tianhong Lithiumion Battery'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 )
	=	1.815	/	480.172
	=	0.00

Zhejiang Tianhong Lithiumion Battery (BJSE:873152) 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.

Zhejiang Tianhong Lithiumion Battery LT-Debt-to-Total-Asset Related Terms

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Zhejiang Tianhong Lithiumion Battery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Tianhong Lithiumion Battery Ltd (BJSE:873152) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 318, Changcheng Road, Taihu Street, Changxing County, Zhejiang Province, Huzhou City, CHN, 313100

Website

https://www.cnthpower.com

Zhejiang Tianhong Lithiumion Battery Ltd engages in the research, development, design, assembly, and sales of lithium-ion battery modules. It mainly produces three series of lithium batteries: power type, energy storage type, and industrial lighting. Its products include E-bike batteries, Motorcycle batteries, Forklift batteries, E-scooter batteries, and Energy storage batteries.

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