Hangzhou Steam Turbine Co (SZSE:200771) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Hangzhou Steam Turbine 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. Hangzhou Steam Turbine Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Hangzhou Steam Turbine Co's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.03). It may suggest that Hangzhou Steam Turbine Co is progressively becoming more dependent on debt to grow their business.

Hangzhou Steam Turbine Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hangzhou Steam Turbine 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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Hangzhou Steam Turbine Co LT-Debt-to-Total-Asset Chart

Hangzhou Steam Turbine Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

Hangzhou Steam Turbine 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															0.01	0.02	0.02	0.02	0.03

Hangzhou Steam Turbine Co LT-Debt-to-Total-Asset Calculation

Hangzhou Steam Turbine 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 )
	=	261.156	/	17421.36
	=	0.01

Hangzhou Steam Turbine 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 )
	=	539.111	/	18814.549
	=	0.03

Hangzhou Steam Turbine Co (SZSE:200771) 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.

Hangzhou Steam Turbine Co LT-Debt-to-Total-Asset Related Terms

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Hangzhou Steam Turbine Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Steam Turbine Co Ltd (SZSE:200771) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 357 Shiqiao Road, Xiacheng District, Zhejiang Province, Hangzhou, CHN, 310022

Website

http://www.htc.cn

Hangzhou Steam Turbine Co Ltd is a supplier of industrial turbomachinery equipment. It designs, manufactures, and sells industrial steam and gas turbines. The firm's products include Steam Turbine for Industries, Steam Turbine in Power Plant, and others.

Executives

Wang Xiao Hui	Supervisors
Zhang Shu Tan	Executives
Ye Yong Zhong	Executives
Pu Yang Shuo	Supervisors

Hangzhou Steam Turbine Co Headlines

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