Hangzhou Youngsun Intelligent Equipment Co (SHSE:603901) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Hangzhou Youngsun 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. Hangzhou Youngsun Intelligent Equipment Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Hangzhou Youngsun Intelligent Equipment Co's long-term debt to total assets ratio increased from Mar. 2023 (0.19) to Mar. 2024 (0.21). It may suggest that Hangzhou Youngsun Intelligent Equipment Co is progressively becoming more dependent on debt to grow their business.

Hangzhou Youngsun Intelligent Equipment Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hangzhou Youngsun 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.

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Hangzhou Youngsun Intelligent Equipment Co LT-Debt-to-Total-Asset Chart

Hangzhou Youngsun Intelligent Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.12

0.02

0.16

0.20

Hangzhou Youngsun Intelligent Equipment 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															0.19	0.22	0.21	0.20	0.21

Hangzhou Youngsun Intelligent Equipment Co LT-Debt-to-Total-Asset Calculation

Hangzhou Youngsun 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 )
	=	1421.631	/	7162.746
	=	0.20

Hangzhou Youngsun Intelligent Equipment 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 )
	=	1526.434	/	7175.619
	=	0.21

Hangzhou Youngsun Intelligent Equipment Co (SHSE:603901) 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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Hangzhou Youngsun Intelligent Equipment Co (SHSE:603901) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Youngsun Intelligent Equipment Co Ltd (SHSE:603901) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Xiyuan 9th Road, Sandun Town, Xihu District, Zhejiang Province, Hangzhou, CHN, 310030

Website

https://www.youngsunpack.com

Hangzhou Youngsun Intelligent Equipment Co Ltd is engaged in the manufacturing of packing equipment and packaging related materials. Its products include labeling machine,case erector,case packer,case sealer,strapping machine,palletizers,wrapping machine.

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