Zhejiang He Chuan Technology (SHSE:688320) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Zhejiang He Chuan Technology 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. Zhejiang He Chuan Technology's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Zhejiang He Chuan Technology's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.00). It may suggest that Zhejiang He Chuan Technology is progressively becoming more dependent on debt to grow their business.

Zhejiang He Chuan Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang He Chuan Technology'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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Zhejiang He Chuan Technology LT-Debt-to-Total-Asset Chart

Zhejiang He Chuan Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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Zhejiang He Chuan Technology Quarterly Data
	Dec18	Dec19	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												-	-	-	-	-

Zhejiang He Chuan Technology LT-Debt-to-Total-Asset Calculation

Zhejiang He Chuan Technology'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 )
	=	7.177	/	2156.438
	=	0.00

Zhejiang He Chuan Technology'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 )
	=	8.598	/	2084.167
	=	0.00

Zhejiang He Chuan Technology (SHSE:688320) 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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Zhejiang He Chuan Technology (SHSE:688320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang He Chuan Technology Corp Ltd (SHSE:688320) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 9, Fucai Road, Longyou Industrial Park, Zhejiang Province, Quzhou, CHN, 324400

Website

https://www.hcfa.cn

Zhejiang He Chuan Technology Corp Ltd is engaged in the research and development, production, sales and application integration of industrial automation products.

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