Harbin Jiuzhou Group Co (SZSE:300040) LT-Debt-to-Total-Asset : 0.34 (As of Sep. 2024)

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What is Harbin Jiuzhou Group 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. Harbin Jiuzhou Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.34.

Harbin Jiuzhou Group Co's long-term debt to total assets ratio declined from Sep. 2023 (0.35) to Sep. 2024 (0.34). It may suggest that Harbin Jiuzhou Group Co is progressively becoming less dependent on debt to grow their business.

Harbin Jiuzhou Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Harbin Jiuzhou Group 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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Harbin Jiuzhou Group Co LT-Debt-to-Total-Asset Chart

Harbin Jiuzhou Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.21

0.22

0.29

0.37

Harbin Jiuzhou Group 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															0.35	0.37	0.37	0.36	0.34

Harbin Jiuzhou Group Co LT-Debt-to-Total-Asset Calculation

Harbin Jiuzhou Group 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 )
	=	2766.893	/	7427.491
	=	0.37

Harbin Jiuzhou Group 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 )
	=	2470.522	/	7298.459
	=	0.34

Harbin Jiuzhou Group Co (SZSE:300040) 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.

Harbin Jiuzhou Group Co LT-Debt-to-Total-Asset Related Terms

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Harbin Jiuzhou Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harbin Jiuzhou Group Co Ltd (SZSE:300040) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 609 Jiuzhou Road, Songbei District, Heilongjiang Province, Harbin, CHN, 150027

Website

http://www.jze.com.cn

Harbin Jiuzhou Group Co Ltd operates as an electrical equipment supplier and energy efficient management solutions provider. The solutions provided by the company include building technology, distribution automation, rail transit solution, data center, and city and infrastructure. The products and services include power products, switchgear, high voltage motor drive products, and power system automation.

Executives

Li Yin	Director
Li Zhen	Securities Affairs Representative
Zhang Qing	Directors, executives
Liu Fu Li	Executives
Yang Deng Rui	Independent director
Zou Cun Dong	Executives

Harbin Jiuzhou Group Co Headlines

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