Wuxi Autowell Technology Co (SHSE:688516) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

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What is Wuxi Autowell Technology 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. Wuxi Autowell Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.10.

Wuxi Autowell Technology Co's long-term debt to total assets ratio increased from Sep. 2023 (0.08) to Sep. 2024 (0.10). It may suggest that Wuxi Autowell Technology Co is progressively becoming more dependent on debt to grow their business.

Wuxi Autowell Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wuxi Autowell Technology 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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Wuxi Autowell Technology Co LT-Debt-to-Total-Asset Chart

Wuxi Autowell Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.08

Wuxi Autowell Technology Co Quarterly Data
	Dec19	Mar20	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															0.08	0.08	0.08	0.09	0.10

Wuxi Autowell Technology Co LT-Debt-to-Total-Asset Calculation

Wuxi Autowell Technology 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 )
	=	1165.094	/	15617.486
	=	0.07

Wuxi Autowell Technology Co'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 )
	=	1388.985	/	14633.406
	=	0.09

Wuxi Autowell Technology Co (SHSE:688516) 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.

Wuxi Autowell Technology Co LT-Debt-to-Total-Asset Related Terms

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Wuxi Autowell Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Wuxi Autowell Technology Co Ltd (SHSE:688516) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

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Address

No. 25 Zhujiang Road, New District, Jiangsu Province, Wuxi, CHN

Website

http://www.wxautowell.com

Wuxi Autowell Technology Co Ltd is engaged in Research & Development, design, production and sales of high-end intelligent equipment.

Executives

Jiang Xiao Long	Director
Zhu Xiong Hui	Director
Meng Chun Jin	Supervisors
Jiang Xuan	Core technical personnel
Cheng Lin Xing	Core technical personnel

Wuxi Autowell Technology Co Headlines

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