Qingdao Choho Industry Co (SZSE:003033) LT-Debt-to-Total-Asset : 0.23 (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Qingdao Choho Industry 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. Qingdao Choho Industry Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.23.

Qingdao Choho Industry Co's long-term debt to total assets ratio increased from Sep. 2023 (0.23) to Sep. 2024 (0.23). It may suggest that Qingdao Choho Industry Co is progressively becoming more dependent on debt to grow their business.

Qingdao Choho Industry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Qingdao Choho Industry 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.

* Premium members only.

Qingdao Choho Industry Co LT-Debt-to-Total-Asset Chart

Qingdao Choho Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

0.23

Qingdao Choho Industry 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															0.23	0.23	0.24	0.24	0.23

Qingdao Choho Industry Co LT-Debt-to-Total-Asset Calculation

Qingdao Choho Industry 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 )
	=	523.09	/	2248.267
	=	0.23

Qingdao Choho Industry 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 )
	=	528.189	/	2264.112
	=	0.23

Qingdao Choho Industry Co (SZSE:003033) 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.

Qingdao Choho Industry Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Qingdao Choho Industry Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Qingdao Choho Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qingdao Choho Industry Co Ltd (SZSE:003033) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 99, Xiamen Road, Economic Development Zone, Shandong Province, Pingdu, Qingdao, CHN, 266700

Website

http://www.chohogroup.com

Qingdao Choho Industry Co Ltd is engaged in the manufacturing and sales of various chain drive systems. It is in the fields of agricultural machinery chain system and industrial automation chain system. It has provided products and technical services to more than 50 companies including Honda, Suzuki, Yamaha, BMW, Grand Yangtze River, Piaggio, Geely, BYD, Jiangling Ford, Knorr-Bremse, and China North Industries group.

Executives

Chen Li Peng	Directors, executives
Mou Jia Hai	Directors, executives
Xiang Hua	Director
Liu Yi	Executives
Zheng Lin Kun	Directors, executives
Xu Da Zhi	Executives
Fang Xiang	Supervisors

Qingdao Choho Industry Co Headlines

No Headlines