Zhejiang Wanliyang Co (SZSE:002434) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)

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What is Zhejiang Wanliyang 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. Zhejiang Wanliyang Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

Zhejiang Wanliyang Co's long-term debt to total assets ratio increased from Sep. 2023 (0.03) to Sep. 2024 (0.08). It may suggest that Zhejiang Wanliyang Co is progressively becoming more dependent on debt to grow their business.

Zhejiang Wanliyang Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Wanliyang 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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Zhejiang Wanliyang Co LT-Debt-to-Total-Asset Chart

Zhejiang Wanliyang Co Annual Data

Trend

Dec14

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Dec20

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Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.03

Zhejiang Wanliyang 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															0.03	0.03	0.05	0.07	0.08

Zhejiang Wanliyang Co LT-Debt-to-Total-Asset Calculation

Zhejiang Wanliyang 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 )
	=	345.531	/	10754.642
	=	0.03

Zhejiang Wanliyang 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 )
	=	879.577	/	10822.613
	=	0.08

Zhejiang Wanliyang Co (SZSE:002434) 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.

Zhejiang Wanliyang Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Wanliyang Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Wanliyang Co Ltd (SZSE:002434) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Liuhe Cloud Mansion, 5th Building, Cloud Town Xihu District, Zhejiang Province, Hangzhou, CHN

Website

http://www.zjwly.com

Zhejiang Wanliyang Co Ltd is mainly engaged in the manufacture and distribution of automobile transmissions in China. Its products cover transmissions for all kinds of commercial vehicles, including logistics transportation trucks, low-speed heavy-duty dumpers, buses, municipal vehicles, school buses, and pickups. The company's customers include BAIC Foton, Dongfeng Motor, Sinotruk, Faw Group, JMC, Yutong Bus, Hyundai Motor and other automobile OEMs.

Executives

Gu Yong Ting	Directors, executives
Zhang Lei Gang	Secretary, Director
Ren Hua Lin	Executives
Lin Jian	Executives
Hu Chun Rong	Directors, executives
Huang Ren Xing	Supervisors
Gui Wen Jing	Executives
Huang He Qing	Director
Wu Yue Hua	Director
Wang Wei Chuan	Directors, executives
Wu Miao Zhen	Directors, executives
Xu Ping Ping	Director

Zhejiang Wanliyang Co Headlines

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