Jiangsu Zhenjiang New Energy Equipment Co (SHSE:603507) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2024)

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What is Jiangsu Zhenjiang New Energy Equipment 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. Jiangsu Zhenjiang New Energy Equipment Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.08.

Jiangsu Zhenjiang New Energy Equipment Co's long-term debt to total assets ratio increased from Dec. 2023 (0.03) to Dec. 2024 (0.08). It may suggest that Jiangsu Zhenjiang New Energy Equipment Co is progressively becoming more dependent on debt to grow their business.

Jiangsu Zhenjiang New Energy Equipment Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Zhenjiang New Energy Equipment 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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Jiangsu Zhenjiang New Energy Equipment Co LT-Debt-to-Total-Asset Chart

Jiangsu Zhenjiang New Energy Equipment Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.03

0.08

Jiangsu Zhenjiang New Energy Equipment 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															0.03	0.02	0.03	0.04	0.08

Jiangsu Zhenjiang New Energy Equipment Co LT-Debt-to-Total-Asset Calculation

Jiangsu Zhenjiang New Energy Equipment 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 )
	=	525.905	/	6924.754
	=	0.08

Jiangsu Zhenjiang New Energy Equipment 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 )
	=	525.905	/	6924.754
	=	0.08

Jiangsu Zhenjiang New Energy Equipment Co (SHSE:603507) 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.

Jiangsu Zhenjiang New Energy Equipment Co LT-Debt-to-Total-Asset Related Terms

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Jiangsu Zhenjiang New Energy Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Zhenjiang New Energy Equipment Co Ltd (SHSE:603507) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 2608 Zhencheng Road, Jiangsu Province, Jiangyin, CHN, 214441

Website

http://www.zjavim.com

Jiangsu Zhenjiang New Energy Equipment Co Ltd is engaged in the research and development, production and sales of port machinery, wind power accessories, electrolytic aluminum machinery and engineering machinery steel structural parts. Its products include wind energy generator nacelle cover, wind energy generator rotor room, wind energy generator stator, wind power generator stator, and photovoltaic power system professional support.

Executives

Xu Jian Hua	senior management
Yuan Jian Jun	senior management
Zhang Xiao Lin	senior management
Zhu Xiao Qiu	senior management
Hu Zhen	Director
Liu Hao Tang	Directors, senior managers

Jiangsu Zhenjiang New Energy Equipment Co Headlines

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