Shandong Hongyu Precision Machinery Co (SZSE:002890) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Shandong Hongyu Precision Machinery 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. Shandong Hongyu Precision Machinery Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Shandong Hongyu Precision Machinery Co's long-term debt to total assets ratio stayed the same from Sep. 2023 (0.00) to Sep. 2024 (0.00).

Shandong Hongyu Precision Machinery Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shandong Hongyu Precision Machinery 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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Shandong Hongyu Precision Machinery Co LT-Debt-to-Total-Asset Chart

Shandong Hongyu Precision Machinery Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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Shandong Hongyu Precision Machinery 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															-	-	-	-	-

Shandong Hongyu Precision Machinery Co LT-Debt-to-Total-Asset Calculation

Shandong Hongyu Precision Machinery 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 )
	=	0	/	737.411
	=	0.00

Shandong Hongyu Precision Machinery 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 )
	=	0	/	736.826
	=	0.00

Shandong Hongyu Precision Machinery Co (SZSE:002890) 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.

Shandong Hongyu Precision Machinery Co LT-Debt-to-Total-Asset Related Terms

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Shandong Hongyu Precision Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Shandong Hongyu Precision Machinery Co Ltd (SZSE:002890) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

3 Hongyu Road, Hutou Ya Economic and Technological Industrial Park, Shandong Province, Laizhou, CHN, 261400

Website

http://www.sdhynj.net

Shandong Hongyu Precision Machinery Co Ltd is engaged in research & development, production and sales of tractor hydraulic lifts.

Executives

Ji Jun Sheng	Supervisors
Li Chun Yu	Executives
Liu Zhi Hong	Directors, Directors, and Executives
Zhang Li Jie	Executives
Liu Hai Xian	Supervisors
Lv Gui Lin	Executives
Zhang Zhi Guo	Independent director

Shandong Hongyu Precision Machinery Co Headlines

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