Guangdong Ganhua Science & Industry Co (SZSE:000576) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Guangdong Ganhua Science & Industry 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. Guangdong Ganhua Science & Industry Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Guangdong Ganhua Science & Industry Co's long-term debt to total assets ratio increased from Mar. 2023 (0.03) to Mar. 2024 (0.03). It may suggest that Guangdong Ganhua Science & Industry Co is progressively becoming more dependent on debt to grow their business.

Guangdong Ganhua Science & Industry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangdong Ganhua Science & Industry 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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Guangdong Ganhua Science & Industry Co LT-Debt-to-Total-Asset Chart

Guangdong Ganhua Science & Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

Guangdong Ganhua Science & Industry Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	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															0.03	0.03	0.03	0.03	0.03

Guangdong Ganhua Science & Industry Co LT-Debt-to-Total-Asset Calculation

Guangdong Ganhua Science & Industry 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 )
	=	62.699	/	1841.725
	=	0.03

Guangdong Ganhua Science & Industry Co'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 )
	=	63.016	/	1856.915
	=	0.03

Guangdong Ganhua Science & Industry Co (SZSE:000576) 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.

Guangdong Ganhua Science & Industry Co LT-Debt-to-Total-Asset Related Terms

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Guangdong Ganhua Science & Industry Co (SZSE:000576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Guangdong Ganhua Science & Industry Co Ltd (SZSE:000576) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 62, Ganhua Road, Guangdong Province, Jiangmen, CHN, 529030

Website

http://www.gdganhua.com

Guangdong Ganhua Science & Industry Co Ltd is engaged in the business of power supply systems and core components of intelligent ammunition for the military sector. Also, the company is involved in dealing with mechanical equipment, instrumentation, spare parts and related technologies. It also manufactures and sells power converters, power modules, electronic components, semiconductor integrated circuits and system products, computer software and other types of machinery.

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