Jiangsu DINGS Intelligent Control Technology Co (BJSE:873593) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Jiangsu DINGS Intelligent Control 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. Jiangsu DINGS Intelligent Control Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Jiangsu DINGS Intelligent Control Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that Jiangsu DINGS Intelligent Control Technology Co is progressively becoming less dependent on debt to grow their business.

Jiangsu DINGS Intelligent Control Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu DINGS Intelligent Control 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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Jiangsu DINGS Intelligent Control Technology Co LT-Debt-to-Total-Asset Chart

Jiangsu DINGS Intelligent Control Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.03

0.01

Jiangsu DINGS Intelligent Control Technology Co Quarterly Data
	Dec18	Dec19	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	-	-	-	-

Jiangsu DINGS Intelligent Control Technology Co LT-Debt-to-Total-Asset Calculation

Jiangsu DINGS Intelligent Control Technology Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	3.438	/	366.858
	=	0.01

Jiangsu DINGS Intelligent Control 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 )
	=	0.061	/	719.525
	=	0.00

Jiangsu DINGS Intelligent Control Technology Co (BJSE:873593) 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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Jiangsu DINGS Intelligent Control Technology Co (BJSE:873593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu DINGS Intelligent Control Technology Co Ltd (BJSE:873593) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 355, Longjin Road, Lucheng Street, Changzhou Economic Development Zone, Jiangsu Province, Nanjing, CHN, 213000

Website

https://www.dingsmotion.cn

Jiangsu DINGS Intelligent Control Technology Co Ltd engages in the design, development, production, and sales of linear actuators, hybrid stepper motors, DC motors, voice coil motors, and their components. Its product offering comprises Stepper Lead Screw Linear Actuator, Stepper Ball Screw Linear Actuator, PM Linear Actuator, Hybrid Rotary Stepper Motor., Hollow Shaft Stepper Motor, Brushless DC Motor, Slotless Brushless DC Motor, Voice Coil Motor, Motion Controller, Customization Options, Gripper, and DLM Series.

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