China Yongda Automobiles Services Holdings (China Yongda Automobiles Services Holdings) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2023)

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What is China Yongda Automobiles Services Holdings 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. China Yongda Automobiles Services Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.09.

China Yongda Automobiles Services Holdings's long-term debt to total assets ratio declined from Jun. 2022 (0.10) to Jun. 2023 (0.09). It may suggest that China Yongda Automobiles Services Holdings is progressively becoming less dependent on debt to grow their business.

China Yongda Automobiles Services Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Yongda Automobiles Services Holdings'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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China Yongda Automobiles Services Holdings LT-Debt-to-Total-Asset Chart

China Yongda Automobiles Services Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.15

0.10

0.08

0.09

China Yongda Automobiles Services Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.10	0.08	0.09	0.09

China Yongda Automobiles Services Holdings LT-Debt-to-Total-Asset Calculation

China Yongda Automobiles Services Holdings'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 )
	=	371.304	/	4656.645
	=	0.08

China Yongda Automobiles Services Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	376.929	/	4186.916
	=	0.09

China Yongda Automobiles Services Holdings (OTCPK:CYYHF) 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.

China Yongda Automobiles Services Holdings LT-Debt-to-Total-Asset Related Terms

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China Yongda Automobiles Services Holdings (China Yongda Automobiles Services Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Yongda Automobiles Services Holdings Ltd (OTCPK:CYYHF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

03669:Hong Kong 1CY:Germany

Address

The Center, 99 Queen’s Road Central, Unit 5708, 57th Floor, Central, Hong Kong, HKG

Website

http://www.ydauto.com.cn

China Yongda Automobiles Services Holdings Ltd is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company's reportable segments are as follows, 1) Passenger vehicle sales and services which includes the sale of passenger vehicles and provision of after-sales services, including repair and maintenance services, certain auxiliary passenger vehicles sales-related services and provision of other passenger vehicles-related services; and 2) Automobile operating lease services. The majority of the company's revenue is earned through the Passenger vehicle sales and services segment.