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Noblelift Intelligent Equipment Co (SHSE:603611) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)


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What is Noblelift Intelligent 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. Noblelift Intelligent Equipment Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Noblelift Intelligent Equipment Co's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.04). It may suggest that Noblelift Intelligent Equipment Co is progressively becoming less dependent on debt to grow their business.


Noblelift Intelligent Equipment Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Noblelift Intelligent 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.

* Premium members only.

Noblelift Intelligent Equipment Co LT-Debt-to-Total-Asset Chart

Noblelift Intelligent Equipment Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.06 0.06 0.05 0.02

Noblelift Intelligent Equipment 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 0.02 0.02 0.03 0.04

Noblelift Intelligent Equipment Co LT-Debt-to-Total-Asset Calculation

Noblelift Intelligent Equipment 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 )
=136.933/9098.597
=0.02

Noblelift Intelligent Equipment 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 )
=392.848/9086.372
=0.04

* 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.


Noblelift Intelligent Equipment Co  (SHSE:603611) 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.


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Noblelift Intelligent Equipment Co Business Description

Traded in Other Exchanges
N/A
Address
No.528, Jing Yi Road, Economic Development Zone, Changxing, Zhejiang, CHN, 313100
Noblelift Intelligent Equipment Co Ltd manufacturers that joined the industrial equipment. It is mainly engaged in the research, production, and sales of light industrial trucks and electric storage vehicles. The company's products and services include Hand pallet trucks, Industrial products, Forklift, Reach truck, Electric Stacker, After sales services, and others. It's products used in manufacturing, logistics, construction, military systems, textile industry, chemical industry, metallurgy industry, energy industry, and many other industries.
Executives
Liu Yun Hua senior management
Ding Cheng Director
Zhong Suo Ming Director
Zhang Ke Director
Zheng Wen Ming Supervisors
Ding Yi Director
Zhou Xue Jun Director
Liu Guang Sheng senior management
Wang Xin Hua Director
Liu Hong Jun senior management
Su Lin senior management
Mao Ying Director
Ding Yun Lu Director
Wang Zhi Jun Supervisors
Wang Jian Ming Supervisors

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