Zhejiang Yongan Rongtong Holdings Co (HKSE:08211) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2024)

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What is Zhejiang Yongan Rongtong Holdings 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. Zhejiang Yongan Rongtong Holdings Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.04.

Zhejiang Yongan Rongtong Holdings Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Jun. 2024 (0.04). It may suggest that Zhejiang Yongan Rongtong Holdings Co is progressively becoming more dependent on debt to grow their business.

Zhejiang Yongan Rongtong Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Yongan Rongtong Holdings 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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Zhejiang Yongan Rongtong Holdings Co LT-Debt-to-Total-Asset Chart

Zhejiang Yongan Rongtong Holdings Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.06

0.07

0.06

0.02

0.04

Zhejiang Yongan Rongtong Holdings Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	-	0.02	0.04	0.04

Zhejiang Yongan Rongtong Holdings Co LT-Debt-to-Total-Asset Calculation

Zhejiang Yongan Rongtong Holdings 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 )
	=	8.319	/	481.654
	=	0.02

Zhejiang Yongan Rongtong Holdings Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	8.716	/	244.601
	=

Zhejiang Yongan Rongtong Holdings Co (HKSE:08211) 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.

Zhejiang Yongan Rongtong Holdings Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Yongan Rongtong Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Yongan Rongtong Holdings Co Ltd (HKSE:08211) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, Suites 2701-08, 27th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

http://www.zj-yongan.com

Zhejiang Yongan Rongtong Holdings Co Ltd is the manufacturer and seller of woven fabric. Its segment includes Woven fabrics and subcontracting services. The Woven fabrics segment which derives the majority of revenue engages in the manufacture and sale of woven fabrics; The Subcontracting services segment includes the provision of woven fabrics subcontracting services. Its product comprises cotton, polyester, spandex, T/R Fabrics, and fashion fabrics. These products are exported to various overseas markets such as The PRC, Europe, South America, the Middle East, and Others overseas.

Zhejiang Yongan Rongtong Holdings Co Headlines

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