Chengdu Lihang Technology Co (SHSE:603261) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Chengdu Lihang Technology 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. Chengdu Lihang Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Chengdu Lihang Technology Co's long-term debt to total assets ratio declined from Sep. 2023 (0.03) to Sep. 2024 (0.03). It may suggest that Chengdu Lihang Technology Co is progressively becoming less dependent on debt to grow their business.

Chengdu Lihang Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chengdu Lihang Technology 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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Chengdu Lihang Technology Co LT-Debt-to-Total-Asset Chart

Chengdu Lihang Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.03

Chengdu Lihang Technology Co Quarterly Data
	Dec16	Dec17	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															0.03	0.03	0.03	0.03	0.03

Chengdu Lihang Technology Co LT-Debt-to-Total-Asset Calculation

Chengdu Lihang Technology 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 )
	=	37.23	/	1092.241
	=	0.03

Chengdu Lihang Technology 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 )
	=	35.636	/	1136.1
	=	0.03

Chengdu Lihang Technology Co (SHSE:603261) 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.

Chengdu Lihang Technology Co LT-Debt-to-Total-Asset Related Terms

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Chengdu Lihang Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Chengdu Lihang Technology Co Ltd (SHSE:603261) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 attached to No. 24 Yongfeng Road, Chengdu High-tech Zone, Sichuan Province, Chengdu, CHN, 610091

Website

http://www.cdlihang.com

Chengdu Lihang Technology Co Ltd is engaged in production, maintenance and support of aircraft. The company's products and services include Digital jack and attitude adjustment platform, digital chemical engineering laboratory, and Assembly of the barrel section of the fuselage of a certain type of civil regional airliner.

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