Guangdongnhe Pile Co (SZSE:003037) LT-Debt-to-Total-Asset : 0.12 (As of Jun. 2024)

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What is Guangdongnhe Pile 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. Guangdongnhe Pile Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.12.

Guangdongnhe Pile Co's long-term debt to total assets ratio declined from Jun. 2023 (0.16) to Jun. 2024 (0.12). It may suggest that Guangdongnhe Pile Co is progressively becoming less dependent on debt to grow their business.

Guangdongnhe Pile Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangdongnhe Pile 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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Guangdongnhe Pile Co LT-Debt-to-Total-Asset Chart

Guangdongnhe Pile Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.11

0.13

0.12

Guangdongnhe Pile Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.12	0.12	0.13	0.12

Guangdongnhe Pile Co LT-Debt-to-Total-Asset Calculation

Guangdongnhe Pile 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 )
	=	787.054	/	6596.505
	=	0.12

Guangdongnhe Pile Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	757.793	/	6552.581
	=	0.12

Guangdongnhe Pile Co (SZSE:003037) 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.

Guangdongnhe Pile Co LT-Debt-to-Total-Asset Related Terms

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Guangdongnhe Pile Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Guangdong Sanhe Pile Co Ltd (SZSE:003037) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 30, Tongxing East Road, Dongsheng Town, Guangdong Province, Zhongshan, CHN, 528414

Website

http://www.sanhepile.com

Guangdong Sanhe Pile Co Ltd is engaged in the research and development, production and sales of prestressed concrete pipe pile products.

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