Panda Financial Holding (SHSE:600599) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Panda Financial Holding 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. Panda Financial Holding's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

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

Panda Financial Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Panda Financial Holding'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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Panda Financial Holding LT-Debt-to-Total-Asset Chart

Panda Financial Holding Annual Data

Trend

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LT-Debt-to-Total-Asset

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Panda Financial Holding 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

Panda Financial Holding LT-Debt-to-Total-Asset Calculation

Panda Financial Holding'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 )
	=	2.325	/	795.313
	=	0.00

Panda Financial Holding'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 )
	=	7.492	/	809.292
	=	0.01

Panda Financial Holding (SHSE:600599) 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.

Panda Financial Holding LT-Debt-to-Total-Asset Related Terms

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Panda Financial Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Panda Financial Holding Corp Ltd (SHSE:600599) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 589 Jinsha North Road, Hunan Province, Liuyang, CHN, 410300

Website

http://www.pandafireworks.com

Panda Financial Holding Corp Ltd manufactures and distributes fireworks. It also provides services ranging from procurement to working with customers to tailor its own products.

Executives

Shou Ling Chao	Director
Wu Xin Hua	Supervisors

Panda Financial Holding Headlines

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