Chongqing Fenghwa Group Co (SHSE:600615) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Chongqing Fenghwa 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. Chongqing Fenghwa Group Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Chongqing Fenghwa Group Co's long-term debt to total assets ratio declined from Jun. 2023 (0.00) to Jun. 2024 (0.00). It may suggest that Chongqing Fenghwa Group Co is progressively becoming less dependent on debt to grow their business.

Chongqing Fenghwa Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chongqing Fenghwa 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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Chongqing Fenghwa Group Co LT-Debt-to-Total-Asset Chart

Chongqing Fenghwa Group Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Chongqing Fenghwa Group Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Chongqing Fenghwa Group Co LT-Debt-to-Total-Asset Calculation

Chongqing Fenghwa 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 )
	=	1.533	/	724.483
	=	0.00

Chongqing Fenghwa Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0.978	/	701.497
	=	0.00

Chongqing Fenghwa Group Co (SHSE:600615) 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.

Chongqing Fenghwa Group Co LT-Debt-to-Total-Asset Related Terms

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Chongqing Fenghwa Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Fenghwa Group Co Ltd (SHSE:600615) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Sendi Avenue, Building 1, Xipeng Town, Jiulongpo District, Chongqing, CHN, 400051

Website

http://www.fenghwa.sh.cn

Chongqing Fenghwa Group Co Ltd mainly produces magnesium alloy and aluminum alloy products, including magnesium alloy steering wheel frame, aluminum alloy steering wheel frame, hand tools, extruded profiles, motorcycle parts, and others.

Executives

He Guo Qing

Supervisors

Chongqing Fenghwa Group Co Headlines

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