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Saurer Intelligent Technology Co (SHSE:600545) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)


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What is Saurer Intelligent Technology 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. Saurer Intelligent Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

Saurer Intelligent Technology Co's long-term debt to total assets ratio increased from Sep. 2023 (0.07) to Sep. 2024 (0.08). It may suggest that Saurer Intelligent Technology Co is progressively becoming more dependent on debt to grow their business.

Saurer Intelligent Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Saurer Intelligent Technology 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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Saurer Intelligent Technology Co LT-Debt-to-Total-Asset Chart

Saurer Intelligent Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.12 0.03 0.01 0.10

Saurer Intelligent Technology Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 0.10 0.07 0.08 0.08

Saurer Intelligent Technology Co LT-Debt-to-Total-Asset Calculation

Saurer Intelligent Technology 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 )
=1028.813/9892.917
=0.10

Saurer Intelligent Technology Co'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 )
=722.765/9412.931
=0.08

* 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.

Saurer Intelligent Technology Co  (SHSE:600545) 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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Saurer Intelligent Technology Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Saurer Intelligent Technology Co Ltd (SHSE:600545) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SHSE:688360 SZSE:301548 SZSE:000530 SZSE:001332 SZSE:003025 SHSE:688312 SHSE:600558 BJSE:430510 SHSE:688478 SZSE:002224 XTER:SIE XPAR:SU ETN PH OSTO:ATCO A ITW EMR TSE:7011 XTER:ENR CMI
Traded in Other Exchanges
N/A
Address
No. 133 Nanhu Road, Chengjian Building, 21-22F, Xinjiang, Urumqi, CHN, 830063
Website
http://www.saurer.com
Saurer Intelligent Technology Co Ltd is a technology group based in China which is focused on machinery and components for yarn processing. It operates in two segments Saurer Spinning Solutions and Saurer Technologies. Saurer Spinning Solutions offers technologically advanced and customer-specific automation solutions for processing staple fibre from bale to yarn. Saurer Technologies specializes in twisting and embroidery as well as engineered and polymer solutions. The product offerings of the company include Pre Spinning, Roving Frame, Winding, Rotor Spinning and Embroidery machines.
Executives
Yun Tian Yong Director

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