Bichamp Cutting Technology (Hunan) Co (SZSE:002843) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Bichamp Cutting Technology (Hunan) 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. Bichamp Cutting Technology (Hunan) Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Bichamp Cutting Technology (Hunan) Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.07). It may suggest that Bichamp Cutting Technology (Hunan) Co is progressively becoming more dependent on debt to grow their business.

Bichamp Cutting Technology (Hunan) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bichamp Cutting Technology (Hunan) 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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Bichamp Cutting Technology (Hunan) Co LT-Debt-to-Total-Asset Chart

Bichamp Cutting Technology (Hunan) 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

0.06

Bichamp Cutting Technology (Hunan) 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															0.02	0.08	0.06	0.06	0.07

Bichamp Cutting Technology (Hunan) Co LT-Debt-to-Total-Asset Calculation

Bichamp Cutting Technology (Hunan) 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 )
	=	166.234	/	2701.56
	=	0.06

Bichamp Cutting Technology (Hunan) 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 )
	=	177.605	/	2573.523
	=	0.07

Bichamp Cutting Technology (Hunan) Co (SZSE:002843) 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.

Bichamp Cutting Technology (Hunan) Co LT-Debt-to-Total-Asset Related Terms

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Bichamp Cutting Technology (Hunan) Co (SZSE:002843) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bichamp Cutting Technology (Hunan) Co Ltd (SZSE:002843) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 68 Taijia Road, Economic Development Zone, Wangcheng, Hunan Province, Changsha, CHN, 410200

Website

http://www.bichamp.com

Bichamp Cutting Technology (Hunan) Co Ltd manufactures industrial consumables. The company develops, produces, and sells bimetallic band saw blades, bimetal hacksaw blades, carbide band saw blades, and other related products.

Executives

Wen Ying

Supervisors

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