Shanghai Baolong Automotive (SHSE:603197) LT-Debt-to-Total-Asset : 0.26 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Shanghai Baolong Automotive 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. Shanghai Baolong Automotive's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.26.

Shanghai Baolong Automotive's long-term debt to total assets ratio increased from Mar. 2023 (0.20) to Mar. 2024 (0.26). It may suggest that Shanghai Baolong Automotive is progressively becoming more dependent on debt to grow their business.

Shanghai Baolong Automotive LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Baolong Automotive'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.

* Premium members only.

Shanghai Baolong Automotive LT-Debt-to-Total-Asset Chart

Shanghai Baolong Automotive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.16

0.14

0.17

0.16

0.25

Shanghai Baolong Automotive 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															0.20	0.25	0.25	0.25	0.26

Shanghai Baolong Automotive LT-Debt-to-Total-Asset Calculation

Shanghai Baolong Automotive'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 )
	=	2072.664	/	8475.141
	=	0.24

Shanghai Baolong Automotive'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 )
	=	2253.218	/	8593.45
	=	0.26

Shanghai Baolong Automotive (SHSE:603197) 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.

Shanghai Baolong Automotive LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Shanghai Baolong Automotive's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Baolong Automotive (SHSE:603197) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Baolong Automotive Corp (SHSE:603197) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

5500, Shenzhuan Road, Songjiang District, Shanghai, CHN, 201619

Website

http://www.baolong.biz

Shanghai Baolong Automotive Corp is a Chinese manufacturer of automotive parts and components. Its products include tire valves and accessories, wheel balancing weights, performance exhaust products, automotive pressure sensors, and hydro-forming automotive body parts, among others. The company sells its products in China and various other countries.

Executives

Chen Hong Quan	Directors, senior managers
Wang Sheng Quan	Directors, senior managers
Wen Jian Feng	senior management
Yin Shu Fei	senior management
Feng Mei Lai	senior management
Chen Xu Lin	Directors, senior managers
Chen Hong Ling	Director
Zhang Zu Qiu	Director
Lan Rui Lin	Supervisors
Huang Jun Lin	Supervisors
Yang Shou Wen	Supervisors

Shanghai Baolong Automotive (SHSE:603197) Headlines

No Headlines