Zhejiang Renzhi Co (SZSE:002629) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Zhejiang Renzhi 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 Renzhi Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Zhejiang Renzhi Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that Zhejiang Renzhi Co is progressively becoming less dependent on debt to grow their business.

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

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

Zhejiang Renzhi Co Annual Data

Trend

Dec14

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Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Zhejiang Renzhi 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	-	-	-	-

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

Zhejiang Renzhi 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 )
	=	0.429	/	202.301
	=	0.00

Zhejiang Renzhi 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 )
	=	0.085	/	199.266
	=	0.00

Zhejiang Renzhi Co (SZSE:002629) 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 Renzhi Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Renzhi Co (SZSE:002629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zhejiang Renzhi Co Ltd (SZSE:002629) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2180 Binhai 6th Road, Room 108, Building 1, Wenzhou Economic and Technological Development Zone, Wenzhou, CHN, 200135

Website

http://www.chinarenzhi.com

Zhejiang Renzhi Co Ltd is engaged in the oil service industry which include providing professional services like oil and gas drilling engineering field, oilfield special equipment inspection and maintenance technology.

Executives

Tian Lin	Securities Affairs Representative
Wang Hao	Directors, executives
Xiong Hai He	Supervisors
Zhang Jun	Directors, executives
Feng Pin	Directors, executives
Wang Jian Jun	Director
Yang Liao	Directors, executives
Li Yuan En	Directors, executives
Liu Hui Qin	Supervisors
Ceng Chang Hua	Supervisors

Zhejiang Renzhi Co (SZSE:002629) Headlines

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