Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co (SHSE:603300) LT-Debt-to-Total-Asset : 0.33 (As of Sep. 2024)

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What is Zhejiang Haikong Nanke Huatie Digital Intelligence & 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. Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.33.

Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co's long-term debt to total assets ratio declined from Sep. 2023 (0.34) to Sep. 2024 (0.33). It may suggest that Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co is progressively becoming less dependent on debt to grow their business.

Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Haikong Nanke Huatie Digital Intelligence & 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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Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co LT-Debt-to-Total-Asset Chart

Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.15

0.27

0.31

0.35

Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology 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															0.34	0.35	0.37	0.36	0.33

Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co LT-Debt-to-Total-Asset Calculation

Zhejiang Haikong Nanke Huatie Digital Intelligence & 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 )
	=	6716.885	/	19221.033
	=	0.35

Zhejiang Haikong Nanke Huatie Digital Intelligence & 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 )
	=	7070.118	/	21684.902
	=	0.33

Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co (SHSE:603300) 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.

Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co Ltd (SHSE:603300) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shengkang Street, Floor 10, Building 1, Huatie Venture Building, No. 68, Jianggan District, Zhejiang Province, Hangzhou, CHN, 310019

Website

https://www.zjhuatie.cn

Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co Ltd is a equipment leasing company. Its main business is to provide construction support equipment, construction repair and maintenance equipment and engineering machinery and other operation and maintenance equipment services. Its products include construction support equipment, aerial work platforms and underground repair and maintenance equipment, which are used in the support and protection of subway and other rail transportation construction, urban renovation projects, building interior and exterior decoration maintenance, urban road construction and maintenance, green garden maintenance, equipment installation and maintenance, logistics warehousing and film and television scene construction, etc.

Executives

Zhou Wei Hong	senior management
Hu Dan Feng	Director
Gui Lin	Supervisors
Guo Hai Bin	senior management
Ying Da Cheng	Director

Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co Headlines

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