Xingye Leather Technology Co (SZSE:002674) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

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What is Xingye Leather Technology 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. Xingye Leather Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.10.

Xingye Leather Technology Co's long-term debt to total assets ratio declined from Sep. 2023 (0.10) to Sep. 2024 (0.10). It may suggest that Xingye Leather Technology Co is progressively becoming less dependent on debt to grow their business.

Xingye Leather Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xingye Leather Technology 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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Xingye Leather Technology Co LT-Debt-to-Total-Asset Chart

Xingye Leather Technology Co Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.02

0.11

Xingye Leather Technology 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															0.10	0.11	0.11	0.11	0.10

Xingye Leather Technology Co LT-Debt-to-Total-Asset Calculation

Xingye Leather Technology 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 )
	=	432.183	/	4112.131
	=	0.11

Xingye Leather Technology 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 )
	=	429.016	/	4326.479
	=	0.10

Xingye Leather Technology Co (SZSE:002674) 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.

Xingye Leather Technology Co LT-Debt-to-Total-Asset Related Terms

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Xingye Leather Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Xingye Leather Technology Co Ltd (SZSE:002674) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1, Xingye Road, Anhai Second Industrial Zone, Fujian Province, Jinjiang, CHN, 362261

Website

http://www.xingyeleather.com

Xingye Leather Technology Co Ltd is engaged as a supplier of shoe leather materials. The products of the company include Napa series, natural wrestling series, and special effect leather series.

Executives

Sun Hui Yong	Directors, executives
Cai Yi Lei	Executives
Cai Jian She	Directors, executives
Wu Hua Chun	Director
Li Guang Qing	Executives
Su Jian Zhong	Supervisors
Zhang Liang	Securities Affairs Representative
Ran Chong Yuan	Directors, executives
Wu Mei Li	Directors, executives

Xingye Leather Technology Co Headlines

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