Fujian Tietuo Machinery Co (BJSE:873706) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Fujian Tietuo Machinery 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. Fujian Tietuo Machinery Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Fujian Tietuo Machinery Co's long-term debt to total assets ratio declined from Sep. 2023 (0.00) to Sep. 2024 (0.00). It may suggest that Fujian Tietuo Machinery Co is progressively becoming less dependent on debt to grow their business.

Fujian Tietuo Machinery Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fujian Tietuo Machinery 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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Fujian Tietuo Machinery Co LT-Debt-to-Total-Asset Chart

Fujian Tietuo Machinery Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.10

0.05

Fujian Tietuo Machinery Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Sep20	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													-	-	-	-	-

Fujian Tietuo Machinery Co LT-Debt-to-Total-Asset Calculation

Fujian Tietuo Machinery 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 )
	=	0.381	/	547.866
	=	0.00

Fujian Tietuo Machinery 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 )
	=	0.059	/	767.807
	=	0.00

Fujian Tietuo Machinery Co (BJSE:873706) 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.

Fujian Tietuo Machinery Co LT-Debt-to-Total-Asset Related Terms

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Fujian Tietuo Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fujian Tietuo Machinery Co Ltd (BJSE:873706) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Luojiang District Intelligent Equipment Industrial Park, Heshi Town, Luojiang District, Fujian, Quanzhou, CHN, 362013

Website

http://www.fjttm.com

Fujian Tietuo Machinery Co Ltd is engaged in research & development, production, sales and service of asphalt mixing equipment and supporting equipment.

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