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Tongyu Heavy Industry Co (SZSE:300185) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)


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What is Tongyu Heavy Industry 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. Tongyu Heavy Industry Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

Tongyu Heavy Industry Co's long-term debt to total assets ratio increased from Sep. 2023 (0.11) to Sep. 2024 (0.14). It may suggest that Tongyu Heavy Industry Co is progressively becoming more dependent on debt to grow their business.

Tongyu Heavy Industry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tongyu Heavy Industry 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.

Tongyu Heavy Industry Co LT-Debt-to-Total-Asset Chart

Tongyu Heavy Industry 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 0.06 0.05 0.02 0.10 0.13

Tongyu Heavy Industry 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 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 0.11 0.13 0.13 0.14 0.14

Tongyu Heavy Industry Co LT-Debt-to-Total-Asset Calculation

Tongyu Heavy Industry 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 )
=2066.864/15789.726
=0.13

Tongyu Heavy Industry 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 )
=2249.302/15723.851
=0.14

* 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.

Tongyu Heavy Industry Co  (SZSE:300185) 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.

Tongyu Heavy Industry Co LT-Debt-to-Total-Asset Related Terms

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Tongyu Heavy Industry Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tongyu Heavy Industry Co Ltd (SZSE:300185) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SHSE:600058 SHSE:603308 SHSE:605123 SZSE:002855 SZSE:002426 SHSE:688190 SZSE:002965 SZSE:301307 SZSE:301268 SZSE:301180 ATI MLI XTER:TKA SHSE:688122 TPE:2474 ESAB SZSE:000039 XTER:NDA CRS WOR
Traded in Other Exchanges
N/A
Address
High-tech Industrial Development Zone, Yucheng City, CHN, 251200
Website
http://www.tongyuheavy.com
Tongyu Heavy Industry Co Ltd is engaged in research and development, manufacture and sale of large forgings and castings. Its products include the main shaft for wind turbine tower, pipe mold, roll, pressure vessel forgings, open die forgings, castings, electroslag remelting ingot, steel ingot, fabrications, and full sets of equipment.
Executives
Shi Ai Jun Executives
Si Xing Kui Director
Zhang Ji Sen Supervisors
Zhu Jin Zhi Director
Li Jing Supervisors
Si Yong Director
Zhao Li Jun Supervisors
Liang Ji Feng Executives
Wang Shi Zhen Director
Zhu Jian Ming Director
Si Chao Xin Executives
Chen Lian Lian Director
Li De Xing Executives
Yang Xing Hou Executives
Ni Hong Yun Executives

Tongyu Heavy Industry Co Headlines

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