CBAK Energy Technology (LTS:0A98) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is CBAK Energy Technology 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. CBAK Energy Technology's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

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

CBAK Energy Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for CBAK Energy Technology'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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CBAK Energy Technology LT-Debt-to-Total-Asset Chart

CBAK Energy Technology Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.10

CBAK Energy Technology Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.01	0.01	0.01

CBAK Energy Technology LT-Debt-to-Total-Asset Calculation

CBAK Energy Technology'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 )
	=	0.475	/	281.155
	=	0.00

CBAK Energy Technology'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 )
	=	2.684	/	293.477
	=	0.01

CBAK Energy Technology (LTS:0A98) 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.

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CBAK Energy Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CBAK Energy Technology Inc (LTS:0A98) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CBAT:USA B6JA:Germany B6JA:Germany

Address

CBAK Industrial Park, Meigui Street, Huayuankou Economic Zone, Liaoning Province, Dalian, CHN, 116450

Website

https://www.cbak.com.cn

CBAK Energy Technology Inc is engaged in the manufacture, commercialization and distribution of a variety of standard and customized lithium-ion high-power rechargeable batteries. The company operates in two operating segments: CBAK's segment mainly includes the manufacture, commercialization and distribution of a wide variety of standard and customized lithium ion rechargeable batteries for use in a wide array of applications. Hitrans' segment mainly includes the development and manufacturing of NCM precursor and cathode materials. Geographically, it generates a majority of its revenue from Mainland China and also has an operation in Europe, the United States, Korea, and Other Countries.

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