Chaowei Power Holdings (HKSE:00951) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is Chaowei Power 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. Chaowei Power Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Chaowei Power Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.07) to Dec. 2023 (0.07). It may suggest that Chaowei Power Holdings is progressively becoming less dependent on debt to grow their business.

Chaowei Power Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chaowei Power 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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Chaowei Power Holdings LT-Debt-to-Total-Asset Chart

Chaowei Power Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.07

Chaowei Power 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															0.07	0.07	0.07	0.08	0.07

Chaowei Power Holdings LT-Debt-to-Total-Asset Calculation

Chaowei Power Holdings'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 )
	=	1652.499	/	23836.158
	=	0.07

Chaowei Power Holdings'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 )
	=	1652.499	/	23836.158
	=	0.07

Chaowei Power Holdings (HKSE:00951) 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.

Chaowei Power Holdings LT-Debt-to-Total-Asset Related Terms

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Chaowei Power Holdings (HKSE:00951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chaowei Power Holdings Ltd (HKSE:00951) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

EWC:Germany

Address

No. 18, Chengnan Road, Huaxi Industrial Function Area, Changxing County, Zhejiang Province, Huzhou, CHN, 313100

Website

https://www.chaowei.com.hk

Chaowei Power Holdings Ltd is a manufacturer of batteries and related products used in electric bikes, electric vehicles, and special-purpose electric vehicles. The largest business segment is the production of lead-acid batteries for electric bikes. Smaller segments produce lithium-ion batteries and related products. The company supplies its batteries directly to electric-bike manufacturers, as well as to a network of independent distributors selling batteries on the secondary market. Nearly all of Chaowei Power's revenue is generated in China.

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