Jiangxi Huawu Brake Co (SZSE:300095) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Jiangxi Huawu Brake 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. Jiangxi Huawu Brake Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Jiangxi Huawu Brake Co's long-term debt to total assets ratio increased from Mar. 2023 (0.07) to Mar. 2024 (0.14). It may suggest that Jiangxi Huawu Brake Co is progressively becoming more dependent on debt to grow their business.

Jiangxi Huawu Brake Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangxi Huawu Brake 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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Jiangxi Huawu Brake Co LT-Debt-to-Total-Asset Chart

Jiangxi Huawu Brake Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.06

0.10

Jiangxi Huawu Brake Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.10	0.07	0.10	0.14

Jiangxi Huawu Brake Co LT-Debt-to-Total-Asset Calculation

Jiangxi Huawu Brake 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 )
	=	373.126	/	3716.421
	=	0.10

Jiangxi Huawu Brake Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	495.174	/	3624.443
	=	0.14

Jiangxi Huawu Brake Co (SZSE:300095) 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.

Jiangxi Huawu Brake Co LT-Debt-to-Total-Asset Related Terms

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Jiangxi Huawu Brake Co (SZSE:300095) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangxi Huawu Brake Co Ltd (SZSE:300095) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

City Industrial Park in Jiangxi Feng Xin Mei Road 7, Fengcheng, CHN, 331100

Website

http://www.hua-wu.com

Jiangxi Huawu Brake Co Ltd is engaged in the research, development, design, manufacture, and sales of industrial brakes and control systems. The products of the company include poet brake, metallurgical brake, wind turbine brake, rail traffic brake, and spare parts.

Executives

Nie Jing Hua	Director
Ceng Zhi Yong	Directors, executives
Nie Lu Lu	Executives, directors
Xie Xu Zhou	Executives
Chen Feng Ju	Directors, Directors, and Executives
Lai Chen	Executives
Zhang Jing	Executives
Cai Kui	Executives
Cao Ming Sheng	Directors, executives
Feng Hua	Independent director
Xuan Jian Min	Supervisors

Jiangxi Huawu Brake Co (SZSE:300095) Headlines

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