Xiamen Wanli Stone Stock Co (SZSE:002785) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Xiamen Wanli Stone Stock 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. Xiamen Wanli Stone Stock Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Xiamen Wanli Stone Stock Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.01). It may suggest that Xiamen Wanli Stone Stock Co is progressively becoming more dependent on debt to grow their business.

Xiamen Wanli Stone Stock Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xiamen Wanli Stone Stock 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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Xiamen Wanli Stone Stock Co LT-Debt-to-Total-Asset Chart

Xiamen Wanli Stone Stock 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

Xiamen Wanli Stone Stock 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

Xiamen Wanli Stone Stock Co LT-Debt-to-Total-Asset Calculation

Xiamen Wanli Stone Stock 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 )
	=	8.976	/	1673.105
	=	0.01

Xiamen Wanli Stone Stock 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 )
	=	7.975	/	1642.17
	=	0.00

Xiamen Wanli Stone Stock Co (SZSE:002785) 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.

Xiamen Wanli Stone Stock Co LT-Debt-to-Total-Asset Related Terms

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Xiamen Wanli Stone Stock Co (SZSE:002785) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Xiamen Wanli Stone Stock Co Ltd (SZSE:002785) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 North Hubin Road, 8th Floor, Fortune Building, Xiamen, CHN, 361012

Website

http://www.wanli.com

Xiamen Wanli Stone Stock Co Ltd is a stone integrated service provider. Its engaged in research and development, design, processing, sales and installation of architectural decorative stone and landscape stone. Its products include Slab, cut-to-size, countertop, vanity top, window sill, wall cladding, special shaped stone and garden & landscaping stone. Its products are used in airports, high-speed rail, high-end hotels and other large-scale hotels, Public buildings, commercial office buildings and residences, as well as tombstone gardens, monuments.

Executives

Hu Jing Pei	Director
Zou Peng	Directors, executives
Huang Chao Yang	Directors, executives
Liao Yi Xin	Independent director

Xiamen Wanli Stone Stock Co (SZSE:002785) Headlines

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