Guangzhou Pearl River Piano Group Co (SZSE:002678) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Guangzhou Pearl River Piano 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. Guangzhou Pearl River Piano Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

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

Guangzhou Pearl River Piano Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangzhou Pearl River Piano 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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Guangzhou Pearl River Piano Group Co LT-Debt-to-Total-Asset Chart

Guangzhou Pearl River Piano Group Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Guangzhou Pearl River Piano Group 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	0.01	0.01	0.01	0.01

Guangzhou Pearl River Piano Group Co LT-Debt-to-Total-Asset Calculation

Guangzhou Pearl River Piano Group 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 )
	=	33.038	/	4556.72
	=	0.01

Guangzhou Pearl River Piano Group 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 )
	=	27.51	/	4321.519
	=	0.01

Guangzhou Pearl River Piano Group Co (SZSE:002678) 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.

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Guangzhou Pearl River Piano Group Co (SZSE:002678) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Guangzhou Pearl River Piano Group Co Ltd (SZSE:002678) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

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Address

Yu Wei Xi Road, South Hua Di Da Dao, Li Wan, Guangzhou, CHN, 510388

Website

http://www.pearlriverpiano.com

Guangzhou Pearl River Piano Group Co Ltd is an independent Chinese musical instrument manufacturing company. It primarily manufactures and sales pianos in China. The company also exports its products to approximately 100 countries and regions. It offers pianos under the Kayserburg, Ritmuller and Pearl River brand names.

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