Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

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What is Tianjin You Fa Steel Pipe Group Stock 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. Tianjin You Fa Steel Pipe Group Stock Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.10.

Tianjin You Fa Steel Pipe Group Stock Co's long-term debt to total assets ratio declined from Sep. 2023 (0.13) to Sep. 2024 (0.10). It may suggest that Tianjin You Fa Steel Pipe Group Stock Co is progressively becoming less dependent on debt to grow their business.

Tianjin You Fa Steel Pipe Group Stock Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tianjin You Fa Steel Pipe Group Stock 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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Tianjin You Fa Steel Pipe Group Stock Co LT-Debt-to-Total-Asset Chart

Tianjin You Fa Steel Pipe Group Stock Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.04

0.17

0.14

Tianjin You Fa Steel Pipe Group Stock 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															0.13	0.14	0.15	0.12	0.10

Tianjin You Fa Steel Pipe Group Stock Co LT-Debt-to-Total-Asset Calculation

Tianjin You Fa Steel Pipe Group Stock 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 )
	=	2389.711	/	17650.144
	=	0.14

Tianjin You Fa Steel Pipe Group Stock 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 )
	=	2398.244	/	23963.585
	=	0.10

Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686) 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.

Tianjin You Fa Steel Pipe Group Stock Co LT-Debt-to-Total-Asset Related Terms

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Tianjin You Fa Steel Pipe Group Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tianjin You Fa Steel Pipe Group Stock Co Ltd (SHSE:601686) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Ten Billion Yuan Industrial Zone, Daqiuzhuang Town, Jinghai District, Tianjin, CHN, 301606

Website

http://www.yfgg.com

Tianjin You Fa Steel Pipe Group Stock Co Ltd formerly Tianjin Youfa Steel Pipe Group Co Ltd is primarily involved in the development, production and sales of welded steel pipes. It offers welded pipes, hot-dip galvanized steel pipes, steel-plastic composite pipes, stainless steel composite pipes, spiral steel pipes and others.

Executives

Han De Heng

senior management

Tianjin You Fa Steel Pipe Group Stock Co Headlines

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