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Zhonghang Electronic Measuring Instruments Co (SZSE:300114) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)


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What is Zhonghang Electronic Measuring Instruments 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. Zhonghang Electronic Measuring Instruments Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Zhonghang Electronic Measuring Instruments Co's long-term debt to total assets ratio increased from Mar. 2023 (0.07) to Mar. 2024 (0.10). It may suggest that Zhonghang Electronic Measuring Instruments Co is progressively becoming more dependent on debt to grow their business.

Zhonghang Electronic Measuring Instruments Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhonghang Electronic Measuring Instruments 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.

Zhonghang Electronic Measuring Instruments Co LT-Debt-to-Total-Asset Chart

Zhonghang Electronic Measuring Instruments 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 Premium Member Only Premium Member Only - 0.01 0.01 0.03 0.09

Zhonghang Electronic Measuring Instruments 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 0.09 0.09 0.09 0.10

Zhonghang Electronic Measuring Instruments Co LT-Debt-to-Total-Asset Calculation

Zhonghang Electronic Measuring Instruments 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 )
=371.653/3974.911
=0.09

Zhonghang Electronic Measuring Instruments 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 )
=385.131/3938.519
=0.10

* 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.

Zhonghang Electronic Measuring Instruments Co  (SZSE:300114) 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.

Zhonghang Electronic Measuring Instruments Co LT-Debt-to-Total-Asset Related Terms

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Zhonghang Electronic Measuring Instruments Co (SZSE:300114) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhonghang Electronic Measuring Instruments Co Ltd (SZSE:300114) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SZSE:300567 SZSE:002414 SZSE:002151 SZSE:300627 SHSE:600764 SZSE:300747 SHSE:688502 SZSE:301050 SZSE:300455 SHSE:603297 TSE:6861 FTV OSTO:HEXA B KEYS GRMN TDY TRMB TSE:7701 CGNX ST
Traded in Other Exchanges
N/A
Address
PO Box 2, Hanzhong, CHN, 723007
Website
http://www.zemic.com.cn
Zhonghang Electronic Measuring Instruments Co Ltd develops, manufactures, and sells electronic measuring products. It offers strain gages, strain gage-based sensors, weighing indicators and software, testing and measuring systems for the aviation industry, automobile performance, and environmental detection systems, automobile driver intelligent training systems, remote networking regulatory network platform, on- board weighing control systems, automatic systems, and precision mechanical.
Executives
Huang Ping Director
Liu Dong Ping Directors, executives
Kang Xue Jun Director
Yang Zhang Huai Executives
Hu Yang Lin Executives
Nan Xin Xing Executives
Zhang Zhi Gang Executives
Zhao Guo Qing Executives
Zhou Yu Executives
Yu Kang Securities Affairs Representative
Zhao Hui Ying Independent director
Luo Bao Jun Director

Zhonghang Electronic Measuring Instruments Co (SZSE:300114) Headlines

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