Hongda High-Tech Holding Co (SZSE:002144) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Hongda High-Tech Holding 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. Hongda High-Tech Holding Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

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

Hongda High-Tech Holding Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hongda High-Tech Holding 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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Hongda High-Tech Holding Co LT-Debt-to-Total-Asset Chart

Hongda High-Tech Holding Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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Hongda High-Tech Holding 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															-	-	-	-	-

Hongda High-Tech Holding Co LT-Debt-to-Total-Asset Calculation

Hongda High-Tech Holding 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 )
	=	0.188	/	2170.376
	=	0.00

Hongda High-Tech Holding 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 )
	=	3.669	/	2219.489
	=	0.00

Hongda High-Tech Holding Co (SZSE:002144) 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.

Hongda High-Tech Holding Co LT-Debt-to-Total-Asset Related Terms

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Hongda High-Tech Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hongda High-Tech Holding Co Ltd (SZSE:002144) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 118 Jianshe Road, Xucun Town, Zhejiang, Haining, CHN, 314409

Website

http://www.zjhongda.com.cn

Hongda High-Tech Holding Co Ltd operates in the knitting industry. The products of the company include the home textile fabric series, automotive interior fabric series, underwear, swimsuit elastic fabric, sports and leisure fabric series, and wilder medical devices.

Executives

Shen Guo Fu	Director
Lu Wei Min	Supervisors
Li Hong	Director
Gu Wei Feng	Executives
Ma Yue Juan	Directors, executives
Hu Lang Qiu	Director
Xu Jian Zhou	Executives
Mao Zhi Lin	Director
Zhang Jian Fu	Supervisors
Chen Wei Rong	Supervisors
Jin Min Juan	Director

Hongda High-Tech Holding Co Headlines

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