Caihong Display Devices Co (SHSE:600707) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)

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What is Caihong Display Devices 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. Caihong Display Devices Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

Caihong Display Devices Co's long-term debt to total assets ratio declined from Mar. 2023 (0.28) to Mar. 2024 (0.18). It may suggest that Caihong Display Devices Co is progressively becoming less dependent on debt to grow their business.

Caihong Display Devices Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Caihong Display Devices 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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Caihong Display Devices Co LT-Debt-to-Total-Asset Chart

Caihong Display Devices Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.25

0.20

0.24

0.21

Caihong Display Devices 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															0.28	0.28	0.25	0.21	0.18

Caihong Display Devices Co LT-Debt-to-Total-Asset Calculation

Caihong Display Devices 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 )
	=	8239.963	/	38943.52
	=	0.21

Caihong Display Devices 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 )
	=	7120.823	/	39003.491
	=	0.18

Caihong Display Devices Co (SHSE:600707) 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.

Caihong Display Devices Co LT-Debt-to-Total-Asset Related Terms

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Caihong Display Devices Co (SHSE:600707) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Caihong Display Devices Co Ltd (SHSE:600707) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1 Caihong Road, Xianyang, Shanxi, CHN, 712021

Website

http://www.irico.com.cn

Caihong Display Devices Co Ltd is engaged in the research and development of new energy photovoltaic glass. Its operations include construction and operation of solar power plants; production and sales of solar photovoltaic glass, tempered glass, coated glass, conductive film glass, flat glass, and vacuum glass; production and sales of solar cell chip, solar cell module, and their auxiliary products as well as silicon materials; solar photovoltaic power generation related business; and other products. The majority of its revenue comes from China.

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