Zhongyeda Electric Co (SZSE:002441) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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

Zhongyeda Electric Co's long-term debt to total assets ratio declined from Sep. 2023 (0.00) to Sep. 2024 (0.00). It may suggest that Zhongyeda Electric Co is progressively becoming less dependent on debt to grow their business.

Zhongyeda Electric Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhongyeda Electric 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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Zhongyeda Electric Co LT-Debt-to-Total-Asset Chart

Zhongyeda Electric Co Annual Data

Trend

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LT-Debt-to-Total-Asset

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Zhongyeda Electric 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															-	-	-	-	-

Zhongyeda Electric Co LT-Debt-to-Total-Asset Calculation

Zhongyeda Electric 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 )
	=	2.295	/	6516.084
	=	0.00

Zhongyeda Electric 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 )
	=	2.295	/	6916.215
	=	0.00

Zhongyeda Electric Co (SZSE:002441) 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.

Zhongyeda Electric Co LT-Debt-to-Total-Asset Related Terms

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Zhongyeda Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhongyeda Electric Co Ltd (SZSE:002441) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No.62, Hengshan Road, Longhu District, Guangdong Province, Shantou, CHN, 515041

Website

http://www.zyd.cn

Zhongyeda Electric Co Ltd is a distributor of industrial electrical products. The company's main business is the distribution of industrial electrical component products of contracted suppliers through its own sales network, as well as the production and sales of system integration products and complete manufacturing products. Its products include low-voltage electrical products, medium voltage electrical products, industrial control products and others.

Executives

Yang Song	Directors, executives
Wang Bao Yu	Directors, executives
Lin Jing	Supervisors
Chen Dai Ai	Supervisors
Li Xiao Yong	Director
Wu Kai Xian	Directors, executives
Zhang Ying	Supervisors
Ke Ni Xiang	Executives
Wang Zong Cheng	Director
Wang Pei Qing	Executives

Zhongyeda Electric Co Headlines

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