Xinchen China Power Holdings (STU:4XI) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Xinchen China Power Holdings 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. Xinchen China Power Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

Xinchen China Power Holdings's long-term debt to total assets ratio declined from Jun. 2023 (0.11) to Jun. 2024 (0.07). It may suggest that Xinchen China Power Holdings is progressively becoming less dependent on debt to grow their business.

Xinchen China Power Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xinchen China Power Holdings'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.

* Premium members only.

Xinchen China Power Holdings LT-Debt-to-Total-Asset Chart

Xinchen China Power Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.10

0.06

0.04

0.16

0.08

Xinchen China Power Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.16	0.11	0.08	0.07

Xinchen China Power Holdings LT-Debt-to-Total-Asset Calculation

Xinchen China Power Holdings'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 )
	=	59.338	/	706.494
	=	0.08

Xinchen China Power Holdings'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 )
	=	46.904	/	650.707
	=	0.07

Xinchen China Power Holdings (STU:4XI) 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.

Xinchen China Power Holdings LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Xinchen China Power Holdings's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Xinchen China Power Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xinchen China Power Holdings Ltd (STU:4XI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

01148:Hong Kong

Address

8 Connaught Road Central, Suites 1602-05, Chater House, Hong Kong, HKG

Website

http://www.xinchenpower.com

Xinchen China Power Holdings Ltd is an investment holding company engaged in the automotive sector. The company is principally involved in the development, manufacture, and sale of automotive engines and engine parts and components for passenger vehicles and light-duty commercial vehicles. The group operates with three business segments which include Gasoline Engines, Diesel Engines, and Engine Components. Its product includes 1TZS, Crankshaft, link, CE12, DK4, and others. The business activity of the company functions in China.

Xinchen China Power Holdings Headlines

No Headlines