Baimtec Material Co (SHSE:688563) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Baimtec Material 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. Baimtec Material Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Baimtec Material Co's long-term debt to total assets ratio stayed the same from Jun. 2023 (0.01) to Jun. 2024 (0.01).

Baimtec Material Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Baimtec Material 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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Baimtec Material Co LT-Debt-to-Total-Asset Chart

Baimtec Material Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.05

0.02

0.01

Baimtec Material Co Quarterly Data
	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.01	-	-	0.01	0.01

Baimtec Material Co LT-Debt-to-Total-Asset Calculation

Baimtec Material 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 )
	=	48.364	/	11503.75
	=	0.00

Baimtec Material Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	81.325	/	11505.975
	=	0.01

Baimtec Material Co (SHSE:688563) 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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Baimtec Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Baimtec Material Co Ltd (SHSE:688563) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Yongxiang North Road, Yongfeng High-tech Industrial Base, Haidian, Beijing, CHN, 100094

Website

http://www.baimtec.com.cn

Baimtec Material Co Ltd is committed to the research, development, manufacture and sales of a series of high-tech products based on aviation new materials, new processes and new technologies. The company's main products cover titanium alloy precision castings, high-temperature alloy master alloys, aircraft windshields, hatch covers, transparent parts and components of observation windows, aerospace rubber, sealants, adhesives, elastic components, etc. in the aerospace and other fields.

Executives

Wu Song Hua

Core technical personnel

Baimtec Material Co Headlines

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