Xiangyang Automobile Bearing Co (SZSE:000678) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Xiangyang Automobile Bearing 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. Xiangyang Automobile Bearing Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Xiangyang Automobile Bearing Co's long-term debt to total assets ratio declined from Sep. 2023 (0.02) to Sep. 2024 (0.00). It may suggest that Xiangyang Automobile Bearing Co is progressively becoming less dependent on debt to grow their business.

Xiangyang Automobile Bearing Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xiangyang Automobile Bearing 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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Xiangyang Automobile Bearing Co LT-Debt-to-Total-Asset Chart

Xiangyang Automobile Bearing 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

0.06

0.03

0.02

0.01

Xiangyang Automobile Bearing 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															0.02	0.01	0.01	-	-

Xiangyang Automobile Bearing Co LT-Debt-to-Total-Asset Calculation

Xiangyang Automobile Bearing 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 )
	=	16.375	/	2385.724
	=	0.01

Xiangyang Automobile Bearing 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 )
	=	6.488	/	2363.325
	=	0.00

Xiangyang Automobile Bearing Co (SZSE:000678) 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.

Xiangyang Automobile Bearing Co LT-Debt-to-Total-Asset Related Terms

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Xiangyang Automobile Bearing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xiangyang Automobile Bearing Co Ltd (SZSE:000678) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 97 Dengcheng Avenue, Hubei Province, Xiangyang, CHN, 441057

Website

http://www.zxy.com.cn

Xiangyang Automobile Bearing Co Ltd is primarily engaged in the manufacture and sales of bearings and accessories, automobile spare parts, mechanical and electronic devices, bearing equipment and related components in China. The products of the group are exported to Europe, America and Southeast Asia and other countries and regions. Further it has set up around 28 sales branches throughout the country, and hold up to 14 distribution centers. The sales and service network covers all major cities.

Executives

Tang Yong	Executives
Gao Shao Bing	Directors, executives
Wang Guan Bing	Executives
Yuan Zhan	Supervisors
Song Hui Min	Director

Xiangyang Automobile Bearing Co Headlines

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