Anhui Huamao Textile Co (SZSE:000850) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2024)

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What is Anhui Huamao Textile 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. Anhui Huamao Textile Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.08.

Anhui Huamao Textile Co's long-term debt to total assets ratio increased from Dec. 2023 (0.06) to Dec. 2024 (0.08). It may suggest that Anhui Huamao Textile Co is progressively becoming more dependent on debt to grow their business.

Anhui Huamao Textile Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Anhui Huamao Textile 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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Anhui Huamao Textile Co LT-Debt-to-Total-Asset Chart

Anhui Huamao Textile Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.13

0.11

0.08

0.06

0.08

Anhui Huamao Textile Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.06	0.06	0.06	0.08

Anhui Huamao Textile Co LT-Debt-to-Total-Asset Calculation

Anhui Huamao Textile Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	560.095	/	7073.895
	=	0.08

Anhui Huamao Textile Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	560.095	/	7073.895
	=	0.08

Anhui Huamao Textile Co (SZSE:000850) 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.

Anhui Huamao Textile Co LT-Debt-to-Total-Asset Related Terms

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Anhui Huamao Textile Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Anhui Huamao Textile Co Ltd (SZSE:000850) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 80, South Textile Road, Anhui, Anqing, CHN, 246018

Website

http://www.huamao.com.cn

Anhui Huamao Textile Co Ltd is mainly engaged in the production and distribution of cotton yarn, blended yarn, spandex core yarn line, singeing mercerized dyed yarn, and jacquard fabrics in China.

Executives

Jiang Ming Hua	Supervisors
Wang Gong Zhu	Directors, executives
Liu Chun Xi	Supervisors
Hu Meng Chun	Executives
Dai Huang Qing	Supervisors
Wang Wei Guo	Executives
Zhan Ling Zhi	Director
Ni Jun Long	Directors, executives
Zuo Zhi Peng	Directors, Directors, and Executives
Wu De Qing	Supervisors

Anhui Huamao Textile Co Headlines

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