Wuhan Yifi Laser (SHSE:688646) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Wuhan Yifi Laser 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. Wuhan Yifi Laser's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Wuhan Yifi Laser's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.00). It may suggest that Wuhan Yifi Laser is progressively becoming less dependent on debt to grow their business.

Wuhan Yifi Laser LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wuhan Yifi Laser'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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Wuhan Yifi Laser LT-Debt-to-Total-Asset Chart

Wuhan Yifi Laser Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.04

Wuhan Yifi Laser Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.03	0.03	-	-	-

Wuhan Yifi Laser LT-Debt-to-Total-Asset Calculation

Wuhan Yifi Laser'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 )
	=	0.112	/	2475.913
	=	0.00

Wuhan Yifi Laser'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 )
	=	0.084	/	2381.811
	=	0.00

Wuhan Yifi Laser (SHSE:688646) 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.

Wuhan Yifi Laser LT-Debt-to-Total-Asset Related Terms

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Wuhan Yifi Laser (SHSE:688646) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuhan Yifi Laser Corp Ltd (SHSE:688646) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999 Gaoxin Avenue, Room 1101, Building C1, Phase I, Longshan Innovation Park, Wuhan Future Science and Technology City, East Lake High-tech Development Zone, Hubei, Wuhan, CHN, 430000

Website

http://www.yifilaser.com

Wuhan Yifi Laser Corp Ltd is engaged in Research and development, design, production and sales of precision laser processing intelligent equipment.

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