Changshu Tongrun Auto Accessory Co (SHSE:603201) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Changshu Tongrun Auto Accessory 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. Changshu Tongrun Auto Accessory Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Changshu Tongrun Auto Accessory Co's long-term debt to total assets ratio declined from Sep. 2023 (0.09) to Sep. 2024 (0.01). It may suggest that Changshu Tongrun Auto Accessory Co is progressively becoming less dependent on debt to grow their business.

Changshu Tongrun Auto Accessory Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Changshu Tongrun Auto Accessory 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.

* Premium members only.

Changshu Tongrun Auto Accessory Co LT-Debt-to-Total-Asset Chart

Changshu Tongrun Auto Accessory Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

0.11

0.08

Changshu Tongrun Auto Accessory Co Quarterly Data
	Dec18	Dec19	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													0.09	0.08	0.08	0.07	0.01

Changshu Tongrun Auto Accessory Co LT-Debt-to-Total-Asset Calculation

Changshu Tongrun Auto Accessory 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 )
	=	222.725	/	2718.152
	=	0.08

Changshu Tongrun Auto Accessory 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 )
	=	17.845	/	2886.846
	=	0.01

Changshu Tongrun Auto Accessory Co (SHSE:603201) 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.

Changshu Tongrun Auto Accessory Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Changshu Tongrun Auto Accessory Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Changshu Tongrun Auto Accessory Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changshu Tongrun Auto Accessory Co Ltd (SHSE:603201) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Xinlongteng Industrial Park, Economic Development Zone, Jiangsu Province, Changshu, CHN

Website

http://www.tongrunjacks.com

Changshu Tongrun Auto Accessory Co Ltd is engaged in the research and development, manufacturing and sales of various jacks and their extended products. The company's main products include commercial jacks, vehicle-mounted jacks, professional jacks, lifts and other automotive maintenance equipment and tools.

Executives

Shi Xiao Ming	Director
Li Xue Jun	senior management
Zhou Ke Shu	senior management
Shen Min	senior management
Lu Li Hua	Director
Yao Sheng	Director
	Directors, senior managers
Zhu Wei	Directors, senior managers
Wang Xiong Ping	Directors, senior managers
Chen Jiang	Directors, senior managers
Lu Xin Jun	Director

Changshu Tongrun Auto Accessory Co Headlines

No Headlines