Shanghai Yongli Belting Co (SZSE:300230) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2024)

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What is Shanghai Yongli Belting 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. Shanghai Yongli Belting Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.05.

Shanghai Yongli Belting Co's long-term debt to total assets ratio declined from Jun. 2023 (0.06) to Jun. 2024 (0.05). It may suggest that Shanghai Yongli Belting Co is progressively becoming less dependent on debt to grow their business.

Shanghai Yongli Belting Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Yongli Belting 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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Shanghai Yongli Belting Co LT-Debt-to-Total-Asset Chart

Shanghai Yongli Belting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.03

0.06

Shanghai Yongli Belting Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.06	0.06	0.05	0.05

Shanghai Yongli Belting Co LT-Debt-to-Total-Asset Calculation

Shanghai Yongli Belting 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 )
	=	239.64	/	4223.059
	=	0.06

Shanghai Yongli Belting Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	198.307	/	4214.563
	=	0.05

Shanghai Yongli Belting Co (SZSE:300230) 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.

Shanghai Yongli Belting Co LT-Debt-to-Total-Asset Related Terms

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Shanghai Yongli Belting Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Yongli Belting Co Ltd (SZSE:300230) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

West of Xuhua Road, Xujing Town, Qingpu District, Shanghai, CHN

Website

http://www.yonglibelt.com

Shanghai Yongli Belting Co Ltd is mainly engaged in the research and development, production and sale of various types of light conveyor belts. Its main products are divided into two categories: light conveyor belts and precision molding products. Its products include polyvinyl chloride belts, oil resistant PVC belts, PVC treadmill belts, felt belts, hytrel belts, and silicone belts.

Executives

Huang Xiao Dong	Director
Yun Li Ming	Directors, executives
Jiang Feng	Executives
Shi Pei Hao	Director
Wang Yi Yi	Executives
Chen Zhi Liang	Supervisors
Yang Zhen Ping	Supervisors
Yu Cheng Lei	Directors, executives
Zhang Wei	Directors, executives

Shanghai Yongli Belting Co Headlines

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