Ningbo PIA Automation Holding (SHSE:688306) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)

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What is Ningbo PIA Automation Holding 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. Ningbo PIA Automation Holding's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

Ningbo PIA Automation Holding's long-term debt to total assets ratio increased from Sep. 2023 (0.09) to Sep. 2024 (0.14). It may suggest that Ningbo PIA Automation Holding is progressively becoming more dependent on debt to grow their business.

Ningbo PIA Automation Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ningbo PIA Automation Holding'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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Ningbo PIA Automation Holding LT-Debt-to-Total-Asset Chart

Ningbo PIA Automation Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.28

0.23

0.10

0.14

Ningbo PIA Automation Holding Quarterly Data
	Dec18	Dec19	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															0.09	0.14	0.16	0.13	0.14

Ningbo PIA Automation Holding LT-Debt-to-Total-Asset Calculation

Ningbo PIA Automation Holding'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 )
	=	739.9	/	5155.728
	=	0.14

Ningbo PIA Automation Holding'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 )
	=	697.234	/	5098.839
	=	0.14

Ningbo PIA Automation Holding (SHSE:688306) 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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Ningbo PIA Automation Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo PIA Automation Holding Corp (SHSE:688306) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 99, Qingyi Road, Building 4, High-tech Zone, Zhejiang Province, Ningbo, CHN, 315040

Website

http://www.piagroup.com.cn

Ningbo PIA Automation Holding Corp is engaged in the research and development, production, sales and service of complete sets of customized assembly and inspection intelligent manufacturing equipment and digital software.

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