KNDI (Kandi Technologies Group) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Kandi Technologies Group 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. Kandi Technologies Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Kandi Technologies Group's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Sep. 2024 (0.01). It may suggest that Kandi Technologies Group is progressively becoming more dependent on debt to grow their business.

Kandi Technologies Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kandi Technologies Group'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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Kandi Technologies Group LT-Debt-to-Total-Asset Chart

Kandi Technologies Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.02

Kandi Technologies Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.02	0.02	0.02	0.01

Kandi Technologies Group LT-Debt-to-Total-Asset Calculation

Kandi Technologies Group'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 )
	=	8.389	/	495.457
	=	0.02

Kandi Technologies Group'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 )
	=	7.855	/	542.209
	=	0.01

Kandi Technologies Group (NAS:KNDI) 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.

Kandi Technologies Group LT-Debt-to-Total-Asset Related Terms

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Kandi Technologies Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kandi Technologies Group Inc (NAS:KNDI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jinhua New Energy Vehicle Town, Zhejiang Province, Jinhua, CHN, 321016

Website

http://www.kandivehicle.com

Kandi Technologies Group Inc is engaged in the development, production, and distribution of electric vehicle (EV) products, EV parts, and off-road vehicle products in the Chinese market. Other product offerings include all-terrain vehicles, go-karts, utility vehicles, battery packs, and other systems. It generates maximum revenue through off-road vehicles. The company generates the majority of its revenue from the United states along with other Countries, followed by China.

Executives

Xueqin Dong	director, officer: Chief Executive Officer	JINHUA NEW ENERGY VEHICLE TOWN, JINHUA F4 321016
Henry Yu	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA, ZHEJIANG PROVINCE F4 321016
Lin Wang	director	C/O KANDI TECHNOLOGIES GROUP, INC., JINHUA NEW ENERGY VEHICLE TOWN, ZHEJIANG PROVINCE F4 321016
Chenming Sun	director	C/O KANDI TECHNOLOGIES GROUP, INC., JINHUA NEW ENERGY VEHICLE TOWN, ZHEJIANG PROVINCE F4 321016
Jehn Ming Lim	officer: Chief Financial Officer	FLAT E,7/F, BLOCK 3 ,BANYAN MANSION, WHAMPOA GARDEN,HUNG HOM, KOWLOON, HONG KONG K3 00000
Xiaoming Hu	director, 10 percent owner, officer: President and CEO	C/O KANDI TECHNOLOGIES GROUP, INC., JINHUA NEW ENERGY VEHICLE TOWN, ZHEJIANG PROVINCE F4 321016
Feng Zhu	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA F4 321015
Yi Lin	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA F4 321015
Excelvantage Group Ltd	other: Sole Director	JINHUA CITY INDUSTRIAL ZONE, JINHUA CITY, ZHEJIANG PROVINCE F4 321016
Cheng(henry) Wang	officer: Chief Financial Officer	C/O JINHUA CITY INDUSTRIAL ZONE, JINHUA, ZHEJIANG PROVINCE F4 321016
Bing Mei	officer: Chief Financial Officer	42800 RIDGEWAY DR., ASHBURN VA 20148
Jingsong Qian	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA ZHEJIANG PROVINCE F4 321016
Xiaoying Zhu	director, officer: Chief Financial Officer	C/O JINHUA CITY INDUSTRIAL ZONE, JINHUA, ZHEJIANG PROVINCE F4 321016
Liming Chen	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA ZHEJIAN PROVINCE F4 321016
Guangzheng Ni	director	JINHUA CITY INDUSTRIAL ZONE, JINHUA ZHEJIANG PROVINCE F4 321016