Changgao Electric Group Co (SZSE:002452) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

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What is Changgao Electric Group 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. Changgao Electric Group Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.03.

Changgao Electric Group Co's long-term debt to total assets ratio declined from Dec. 2023 (0.04) to Dec. 2024 (0.03). It may suggest that Changgao Electric Group Co is progressively becoming less dependent on debt to grow their business.

Changgao Electric Group Co LT-Debt-to-Total-Asset Historical Data

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

Changgao Electric Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.07

0.04

0.03

Changgao Electric Group 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															0.04	0.04	0.04	0.04	0.03

Changgao Electric Group Co LT-Debt-to-Total-Asset Calculation

Changgao Electric Group 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 )
	=	120.374	/	3522.447
	=	0.03

Changgao Electric Group 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 )
	=	120.374	/	3522.447
	=	0.03

Changgao Electric Group Co (SZSE:002452) 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.

Changgao Electric Group Co LT-Debt-to-Total-Asset Related Terms

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Changgao Electric Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changgao Electric Group Co Ltd (SZSE:002452) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 393, Section 3, Wangcheng Economic and Technological Development Zone, Changsha, CHN, 410219

Website

http://www.gykg.cn

Changgao Electric Group Co Ltd is engaged in power equipment manufacturing, engineering services, new energy vehicle operation, and power trading operations. The products of the company include gas insulated metal enclosed switchgear, tank circuit breaker, and combined substation.

Executives

Ma Xiao Wu	Director
Lin Lin	Directors, Directors, and Executives
Gao Zhen An	Supervisors
Chen Zhi Gang	Supervisors
Ma Xiao	Directors, executives
Liu Jia Yu	Director
Liu Yun Qiang	Executives
Tang Jian She	Directors, executives
Peng Qiang	Directors, executives
Liu An Xi	Director
Wen Wei	Supervisors
Xiao Shi Wei	Executives
Lin Shen	Independent director
Peng Lin	Securities Affairs Representative
Liao Jun De	Directors, executives

Changgao Electric Group Co Headlines

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