Wuhan Yangtze Communications Industry Group Co (SHSE:600345) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Wuhan Yangtze Communications Industry Group 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. Wuhan Yangtze Communications Industry Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Wuhan Yangtze Communications Industry Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.02). It may suggest that Wuhan Yangtze Communications Industry Group Co is progressively becoming more dependent on debt to grow their business.

Wuhan Yangtze Communications Industry Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wuhan Yangtze Communications Industry Group 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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Wuhan Yangtze Communications Industry Group Co LT-Debt-to-Total-Asset Chart

Wuhan Yangtze Communications Industry Group Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Wuhan Yangtze Communications Industry Group 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															0.01	0.01	-	0.01	0.02

Wuhan Yangtze Communications Industry Group Co LT-Debt-to-Total-Asset Calculation

Wuhan Yangtze Communications Industry Group 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 )
	=	61.472	/	4436.89
	=	0.01

Wuhan Yangtze Communications Industry Group 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 )
	=	81.472	/	4432.089
	=	0.02

Wuhan Yangtze Communications Industry Group Co (SHSE:600345) 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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Wuhan Yangtze Communications Industry Group Co (SHSE:600345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wuhan Yangtze Communications Industry Group Co Ltd (SHSE:600345) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 2 Wenhua Road, Guandong Industrial Park, Donghu Development Zone, Wuhan, Hubei, CHN, 430074

Website

http://www.ycig.com

Wuhan Yangtze Communications Industry Group Co Ltd is engaged in the investment, manufacture, and sales of communications, lighting and display products. Its product includes optical transmission equipment, access network equipment, optical fiber and cable, wireless communications system and equipment, base station radiofrequency cable, digital video equipment, communication equipment precise structure product, optical memory product, and relevant software.

Executives

Li Xing Qun

senior management

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