Senci Electric Machinery Co (SHSE:603109) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2024)

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What is Senci Electric Machinery 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. Senci Electric Machinery Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.01.

Senci Electric Machinery Co's long-term debt to total assets ratio declined from Dec. 2023 (0.04) to Dec. 2024 (0.01). It may suggest that Senci Electric Machinery Co is progressively becoming less dependent on debt to grow their business.

Senci Electric Machinery Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Senci Electric Machinery 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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Senci Electric Machinery Co LT-Debt-to-Total-Asset Chart

Senci Electric Machinery Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.05

0.02

0.04

0.01

Senci Electric Machinery Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.04	-	0.07	0.01

Senci Electric Machinery Co LT-Debt-to-Total-Asset Calculation

Senci Electric Machinery Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	22.224	/	3519.659
	=	0.01

Senci Electric Machinery Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	22.224	/	3519.659
	=	0.01

Senci Electric Machinery Co (SHSE:603109) 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.

Senci Electric Machinery Co LT-Debt-to-Total-Asset Related Terms

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Senci Electric Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Senci Electric Machinery Co Ltd (SHSE:603109) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No.200 Tongxing North Road, Tongjiaxi Town, Beibei District, Chongqing, CHN, 400700

Website

http://www.senci.cn

Senci Electric Machinery Co Ltd engages in research, development, manufacturing and sale of small generators, general gasoline engines and their terminal products. The company manufactures generators, starters, motors, inverters, internal combustion engines, generator sets, air compressors, washing machines, garden machinery and equipment, welding equipment, lighting equipment, uninterruptible power supplies, electronic components, microelectronics , mechatronic products and gasoline and diesel engine parts, power tools, electric vehicle parts, auto parts, motorcycle parts, general machinery, construction machinery and equipment; surface treatment of machine parts; sales of steel, building materials.

Executives

Ou Chun Mei	Director
Ai Chun	Director

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