Sinomach Automobile Co (SHSE:600335) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Sinomach Automobile 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. Sinomach Automobile Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Sinomach Automobile Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.02). It may suggest that Sinomach Automobile Co is progressively becoming more dependent on debt to grow their business.

Sinomach Automobile Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sinomach Automobile 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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Sinomach Automobile Co LT-Debt-to-Total-Asset Chart

Sinomach Automobile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.05

0.01

0.02

0.01

Sinomach Automobile Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.01	0.01	0.01	0.02

Sinomach Automobile Co LT-Debt-to-Total-Asset Calculation

Sinomach Automobile 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 )
	=	391.642	/	34482.983
	=	0.01

Sinomach Automobile Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	563.255	/	31983.252
	=	0.02

Sinomach Automobile Co (SHSE:600335) 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.

Sinomach Automobile Co LT-Debt-to-Total-Asset Related Terms

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Sinomach Automobile Co (SHSE:600335) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sinomach Automobile Co Ltd (SHSE:600335) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Haitainan North Street, Huayuan Technology Park, New and High-Tech Industrial Development Zone, Tianjin, Tianjin, CHN, 300384

Website

http://www.sinomach-auto.com

Sinomach Automobile Co Ltd covers multi-brand automotive import trade services, automotive engineering contracting and technical services, car rental and second-hand car services, automotive retail services, and other fields. The company mainly sells imported Volkswagen, Chrysler, Jaguar Land Rover, Ford, and other brands of vehicles. It generates the majority of its revenue from the Automotive trade business.

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