Zhengzhou Coal Mining Machinery Group Co (SHSE:601717) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

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What is Zhengzhou Coal Mining Machinery 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. Zhengzhou Coal Mining Machinery Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.10.

Zhengzhou Coal Mining Machinery Group Co's long-term debt to total assets ratio declined from Sep. 2023 (0.17) to Sep. 2024 (0.10). It may suggest that Zhengzhou Coal Mining Machinery Group Co is progressively becoming less dependent on debt to grow their business.

Zhengzhou Coal Mining Machinery Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhengzhou Coal Mining Machinery 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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Zhengzhou Coal Mining Machinery Group Co LT-Debt-to-Total-Asset Chart

Zhengzhou Coal Mining Machinery Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.13

0.16

0.13

0.15

Zhengzhou Coal Mining Machinery Group 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															0.17	0.15	0.15	0.12	0.10

Zhengzhou Coal Mining Machinery Group Co LT-Debt-to-Total-Asset Calculation

Zhengzhou Coal Mining Machinery 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 )
	=	7366.049	/	49174.398
	=	0.15

Zhengzhou Coal Mining Machinery Group 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 )
	=	4924.59	/	48952.956
	=	0.10

Zhengzhou Coal Mining Machinery Group Co (SHSE:601717) 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.

Zhengzhou Coal Mining Machinery Group Co LT-Debt-to-Total-Asset Related Terms

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Zhengzhou Coal Mining Machinery Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Zhengzhou Coal Mining Machinery Group Co Ltd (SHSE:601717) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

00564:Hong Kong ZGC:Germany

Address

No. 167, 9th Street, Econ-Tech Development Zone, Henan Province, Zhengzhou, CHN, 450016

Website

https://www.zmj.com

Zhengzhou Coal Mining Machinery Group Co Ltd is an investment holding company. The company's operating segment includes the Manufacture of coal mining machinery and the Manufacture of auto parts. Geographically, the company operates in The PRC, Germany and other countries.

Executives

Fu Qi	senior management
Li Kai Shun	Director
Meng He Chao	Director
Wang Yong Qiang	senior management
Jia Hao	Directors, senior managers
Fu Zu Gang	Director
Huang Hua	senior management
Wang Xin Ying	Director
Zhang Ming Lin	Supervisors
Zhang Hai Bin	senior management
Xiang Jia Yu	Director
Jiao Cheng Yao	Director
Li Wei Ping	senior management
Liu Qiang	Director
Xu Ming Kai	Supervisors

Zhengzhou Coal Mining Machinery Group Co Headlines

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