Shantui Construction Machinery Co (SZSE:000680) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Shantui Construction Machinery 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. Shantui Construction Machinery Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Shantui Construction Machinery Co's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.01). It may suggest that Shantui Construction Machinery Co is progressively becoming more dependent on debt to grow their business.

Shantui Construction Machinery Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shantui Construction Machinery 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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Shantui Construction Machinery Co LT-Debt-to-Total-Asset Chart

Shantui Construction Machinery Co Annual Data

Trend

Dec14

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Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.02

Shantui Construction Machinery 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															-	-	0.01	0.01	0.01

Shantui Construction Machinery Co LT-Debt-to-Total-Asset Calculation

Shantui Construction Machinery 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 )
	=	50.99	/	13426.795
	=	0.00

Shantui Construction Machinery 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 )
	=	153.904	/	15763.216
	=	0.01

Shantui Construction Machinery Co (SZSE:000680) 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.

Shantui Construction Machinery Co LT-Debt-to-Total-Asset Related Terms

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Shantui Construction Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Shantui Construction Machinery Co Ltd (SZSE:000680) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 58 Taibai East Road, National Highway 327, Shantui International Business Park, High-tech Zone, Shandong province, Jining, CHN, 272073

Website

http://www.shantui.com

Shantui Construction Machinery Co Ltd is a China-based company specializing in the research and development, manufacture and sale of construction machinery products and related spare parts. Its product portfolio covers earthmoving machinery, pavement and compaction machinery, concrete machinery, excavators, loaders and other host products. The company has formed industrial bases such as bulldozers, road machinery, loaders, concrete machinery and construction machinery parts.

Executives

Li Shi Zhen	Directors, executives
Han Bao Hui	Executives
Yuan Qing	Secretary Dong
Zhu Lai Suo	Executives
Huang Ya Jun	Executives
Wu Ru Jiang	Director
Su Zi Meng	Independent director
Sun Xue Ke	Director
Xia Yu Wu	Director
Wang Xiao Ying	Supervisors
Zhang Jian	Executives
Yan Kai Rong	Executives
Li Dian He	Executives
Yin Xiang Hua	Director
Bi Yu Xin	Securities Affairs Representative

Shantui Construction Machinery Co Headlines

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