Eurocrane (China) Co (SHSE:603966) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Eurocrane (China) 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. Eurocrane (China) Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Eurocrane (China) Co's long-term debt to total assets ratio declined from Mar. 2023 (0.13) to Mar. 2024 (0.12). It may suggest that Eurocrane (China) Co is progressively becoming less dependent on debt to grow their business.

Eurocrane (China) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Eurocrane (China) 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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Eurocrane (China) Co LT-Debt-to-Total-Asset Chart

Eurocrane (China) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.15

0.11

0.13

0.12

Eurocrane (China) 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															0.13	0.13	0.14	0.12	0.12

Eurocrane (China) Co LT-Debt-to-Total-Asset Calculation

Eurocrane (China) 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 )
	=	403.728	/	3478.304
	=	0.12

Eurocrane (China) 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 )
	=	406.177	/	3464.979
	=	0.12

Eurocrane (China) Co (SHSE:603966) 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.

Eurocrane (China) Co LT-Debt-to-Total-Asset Related Terms

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Eurocrane (China) Co (SHSE:603966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Eurocrane (China) Co Ltd (SHSE:603966) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 288-388, Fenyue Road, Foho New & Hi-Tech Industrial Development Zone, Jiangsu Province, Wujiang, CHN, 215211

Website

http://www.eurocranegroup.com

Eurocrane (China) Co Ltd is a manufacturer and service provider of heavy machines. Its products include lifting equipment, cranes, hoists and other industrial equipment. It offers bridge, gantry, swing arm, flexible beam, special, clean room, and explosion-proof cranes; and lifting bodies, electric hoists, transmission equipment, and engineering machinery components. The company also provides installation, inspection, repair, upgrade, maintenance, and training services, as well as spare parts. Its products are used in the equipment manufacturing, transportation and logistics, paper making, energy and electricity, automobile and shipbuilding, metal processing, aerospace.

Executives

Xu Ting	Director
Peng Jia Hui	senior management
Tao Feng Hua	Director
Yuan Xiu Feng	Director
Gu Hai Qing	senior management
Jia Kai	senior management
Jin Hong Ping	Director
Shen Rong	senior management
Zhang Che	Supervisors
Jiang Hai	senior management

Eurocrane (China) Co (SHSE:603966) Headlines

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