Jiangsu Rongtai Industry Co (SHSE:605133) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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What is Jiangsu Rongtai Industry 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 Rongtai Industry Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.00.

Jiangsu Rongtai Industry Co's long-term debt to total assets ratio increased from Dec. 2023 (0.00) to Dec. 2024 (0.00). It may suggest that Jiangsu Rongtai Industry Co is progressively becoming more dependent on debt to grow their business.

Jiangsu Rongtai Industry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Rongtai Industry 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 Rongtai Industry Co LT-Debt-to-Total-Asset Chart

Jiangsu Rongtai Industry Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

0.19

Jiangsu Rongtai Industry 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															-	-	-	-	-

Jiangsu Rongtai Industry Co LT-Debt-to-Total-Asset Calculation

Jiangsu Rongtai Industry 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 )
	=	3.235	/	4595.251
	=	0.00

Jiangsu Rongtai Industry 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 )
	=	3.235	/	4595.251
	=	0.00

Jiangsu Rongtai Industry Co (SHSE:605133) 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 Rongtai Industry Co LT-Debt-to-Total-Asset Related Terms

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Jiangsu Rongtai Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Rongtai Industry Co Ltd (SHSE:605133) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Lehe Road, Xiancheng Industrial Park, Jiangdu District, Jiangsu Province, Yangzhou, CHN, 225202

Website

https://www.rtco.com.cn

Jiangsu Rongtai Industry Co Ltd is engaged in the mould research and development, mould manufacturing, aluminum alloy die-casting and precision machining business. Its core products are precision die-casting parts for systems of automotive steering, transmission and engine.

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