Suzhou Industrial Park Heshun Electric Co (SZSE:300141) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Suzhou Industrial Park Heshun Electric 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. Suzhou Industrial Park Heshun Electric Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Suzhou Industrial Park Heshun Electric Co's long-term debt to total assets ratio declined from Sep. 2023 (0.02) to Sep. 2024 (0.01). It may suggest that Suzhou Industrial Park Heshun Electric Co is progressively becoming less dependent on debt to grow their business.

Suzhou Industrial Park Heshun Electric Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suzhou Industrial Park Heshun Electric 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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Suzhou Industrial Park Heshun Electric Co LT-Debt-to-Total-Asset Chart

Suzhou Industrial Park Heshun Electric Co Annual Data

Trend

Dec14

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Dec20

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Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

Suzhou Industrial Park Heshun Electric 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															0.02	0.02	0.01	0.01	0.01

Suzhou Industrial Park Heshun Electric Co LT-Debt-to-Total-Asset Calculation

Suzhou Industrial Park Heshun Electric 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 )
	=	15.091	/	1020.781
	=	0.01

Suzhou Industrial Park Heshun Electric 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 )
	=	14.674	/	1097.336
	=	0.01

Suzhou Industrial Park Heshun Electric Co (SZSE:300141) 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.

Suzhou Industrial Park Heshun Electric Co LT-Debt-to-Total-Asset Related Terms

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Suzhou Industrial Park Heshun Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Industrial Park Heshun Electric Co Ltd (SZSE:300141) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 8 Heshun Road, Suzhou Industrial Park, Jiangsu, Suzhou, CHN, 215122

Website

http://www.cnheshun.com

Suzhou Industrial Park Heshun Electric Co Ltd is engaged in the manufacturing and sale of electrical equipments. The products of the company include high and low voltage equipment, high voltage capacitor, charging pile, power quality equipment, EPC engineering, and software platform.

Executives

Li Liang Ren	Executives
Xu Shu Jie	Directors, executives
Yao Jian Hua	Director
Qin Yong	Executives
Ren Yun Ya	Executives
Xiao Min	Director
Chu Cheng	Secretary Dong
Wu Yong De	Directors, executives
Xu Xiao Ming	Securities Affairs Representative
Wu Xiang Xing	Supervisors
Tang Yu Ming	Executives
Chen Xiang Shu	Executives
Du Jun	Directors, executives

Suzhou Industrial Park Heshun Electric Co Headlines

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