Harbin Boshi Automation Co (SZSE:002698) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Harbin Boshi Automation 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. Harbin Boshi Automation Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Harbin Boshi Automation Co's long-term debt to total assets ratio declined from Mar. 2023 (0.07) to Mar. 2024 (0.07). It may suggest that Harbin Boshi Automation Co is progressively becoming less dependent on debt to grow their business.

Harbin Boshi Automation Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Harbin Boshi Automation 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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Harbin Boshi Automation Co LT-Debt-to-Total-Asset Chart

Harbin Boshi Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.07

Harbin Boshi Automation 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															0.07	0.07	0.07	0.07	0.07

Harbin Boshi Automation Co LT-Debt-to-Total-Asset Calculation

Harbin Boshi Automation 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 )
	=	433.327	/	6648.693
	=	0.07

Harbin Boshi Automation 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 )
	=	437.327	/	6678.791
	=	0.07

Harbin Boshi Automation Co (SZSE:002698) 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.

Harbin Boshi Automation Co LT-Debt-to-Total-Asset Related Terms

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Harbin Boshi Automation Co (SZSE:002698) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harbin Boshi Automation Co Ltd (SZSE:002698) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 9 Donghu Street, Yingbin Road Concentration Zone, Harbin Development Zone, Heilongjiang Province, Harbin, CHN, 150078

Website

http://www.boshi.cn

Harbin Boshi Automation Co Ltd is engaged in manufacturing robots, and automated equipment and system solutions in China. The company's main products and services include industrial robots, automated equipment and system solutions, and provide related value-added services. The products are mainly used in the post-processing of solid materials in petrochemical, coal chemical, salt chemical, fine chemical, fertilizer, metallurgy, logistics, food, feed and other industries.

Executives

Chen Bo	Secretary, Director
Deng Xi Jun	Directors, executives
Zhang Yu Chun	Directors, executives
Wang Chun Gang	Directors, executives
Zhao Jie	Director
Cai He Gao	Director
Yu Chuan Fu	Executives
Chu Ming Zhi	Supervisors
Qi Rong Kun	Independent director

Harbin Boshi Automation Co (SZSE:002698) Headlines

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