Weihai Guangtai Airport Equipment Co (SZSE:002111) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Weihai Guangtai Airport Equipment 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. Weihai Guangtai Airport Equipment Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Weihai Guangtai Airport Equipment Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.13). It may suggest that Weihai Guangtai Airport Equipment Co is progressively becoming more dependent on debt to grow their business.

Weihai Guangtai Airport Equipment Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Weihai Guangtai Airport Equipment 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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Weihai Guangtai Airport Equipment Co LT-Debt-to-Total-Asset Chart

Weihai Guangtai Airport Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.13

Weihai Guangtai Airport Equipment 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															0.01	0.04	0.04	0.13	0.13

Weihai Guangtai Airport Equipment Co LT-Debt-to-Total-Asset Calculation

Weihai Guangtai Airport Equipment 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 )
	=	752.168	/	5988.586
	=	0.13

Weihai Guangtai Airport Equipment 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 )
	=	762.124	/	6081.337
	=	0.13

Weihai Guangtai Airport Equipment Co (SZSE:002111) 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.

Weihai Guangtai Airport Equipment Co LT-Debt-to-Total-Asset Related Terms

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Weihai Guangtai Airport Equipment Co (SZSE:002111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Weihai Guangtai Airport Equipment Co Ltd (SZSE:002111) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 16 Huanghe Street, Huancui District, Shandong Province, Weihai, CHN, 264200

Website

http://www.guangtai.com.cn

Weihai Guangtai Airport Equipment Co Ltd is a enaged in the development, design, production, sales, maintenance and related services, technical training, technical consulting, testing, installation and leasing of airport equipment, port equipment, and airborne equipment.

Executives

Jiao Xing Wang	Independent director
Li Qin	Directors, executives
Li Guang Tai	Director
Wang Qing Dong	Supervisors
Li Wen Xuan	Director
Luo Li	Supervisors
Meng Yan	Directors, executives
Qiao Zhi Dong	Executives
Guo Shao Ping	Director
Wang Jun	Securities Affairs Representative
Chen Wei Zhong	Director

Weihai Guangtai Airport Equipment Co (SZSE:002111) Headlines

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