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Chijet Motor Co (Chijet Motor Co) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)


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What is Chijet Motor 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. Chijet Motor Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

Chijet Motor Co's long-term debt to total assets ratio declined from Dec. 2022 (0.13) to Dec. 2023 (0.08). It may suggest that Chijet Motor Co is progressively becoming less dependent on debt to grow their business.

Chijet Motor Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chijet Motor 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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Chijet Motor Co LT-Debt-to-Total-Asset Chart

Chijet Motor Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.11 - 0.13 0.08

Chijet Motor Co Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial - - 0.13 0.14 0.08

Chijet Motor Co LT-Debt-to-Total-Asset Calculation

Chijet Motor 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 )
=40.545/536.451
=0.08

Chijet Motor Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )/Total Assets (Q: Dec. 2023 )
=40.545/536.451
=0.08

* 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.

Chijet Motor Co  (NAS:CJET) 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.

Chijet Motor Co LT-Debt-to-Total-Asset Related Terms

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Chijet Motor Co (Chijet Motor Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chijet Motor Co Inc (NAS:CJET) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
No. 8, Beijing South Road Economic & Technological Development Zone Yantai, Shandong, CHN, 264006
Website
https://www.chijetmotors.com
Chijet Motor Co Inc is engaged in the research and development, production and sales of new energy vehicles. New energy vehicles refer to plug-in electric vehicles including battery electric vehicles, plug-in hybrid (PHEV) electric vehicles, and fuel cell electric vehicles. Its passenger vehicles include small cars, sedans, and sports utility vehicles, or SUVs, and commercial vehicles include light trucks and vans.