Jinhua Chunguang Technology Co (SHSE:603657) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Jinhua Chunguang 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. Jinhua Chunguang Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Jinhua Chunguang Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Jinhua Chunguang Technology Co is progressively becoming less dependent on debt to grow their business.

Jinhua Chunguang Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jinhua Chunguang 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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Jinhua Chunguang Technology Co LT-Debt-to-Total-Asset Chart

Jinhua Chunguang Technology Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Jinhua Chunguang Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Jinhua Chunguang Technology Co LT-Debt-to-Total-Asset Calculation

Jinhua Chunguang 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 )
	=	16.324	/	1957.798
	=	0.01

Jinhua Chunguang Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	15.876	/	1954.727
	=	0.01

Jinhua Chunguang Technology Co (SHSE:603657) 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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Jinhua Chunguang Technology Co (SHSE:603657) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jinhua Chunguang Technology Co Ltd (SHSE:603657) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 420, Anwen Road, Zhejiang Province, Jinhua, CHN, 321000

Website

http://www.chinacgh.com

Jinhua Chunguang Technology Co Ltd is a research and development, and manufacturing company of hose assembly for cleaning appliances. The products of the company include central vacuum cleaner hose series, steel wire, extrusion hose, blow mould hose, wet vacuum hose, and vacuum cleaner accessories for home.

Executives

Lv Jing	Directors, senior managers
Wu Jian Kai	senior management
Fu Wei Cai	senior management
Wang Sheng Yong	Directors, senior managers
Zhang Chun Xia	Director
Chen Kai	Director
Chen Zheng Ming	Director

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