Longhua Technology Group (Luoyang) Co (SZSE:300263) LT-Debt-to-Total-Asset : 0.19 (As of Sep. 2024)

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What is Longhua Technology Group (Luoyang) 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. Longhua Technology Group (Luoyang) Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.19.

Longhua Technology Group (Luoyang) Co's long-term debt to total assets ratio increased from Sep. 2023 (0.16) to Sep. 2024 (0.19). It may suggest that Longhua Technology Group (Luoyang) Co is progressively becoming more dependent on debt to grow their business.

Longhua Technology Group (Luoyang) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Longhua Technology Group (Luoyang) 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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Longhua Technology Group (Luoyang) Co LT-Debt-to-Total-Asset Chart

Longhua Technology Group (Luoyang) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.16

Longhua Technology Group (Luoyang) 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															0.16	0.16	0.17	0.18	0.19

Longhua Technology Group (Luoyang) Co LT-Debt-to-Total-Asset Calculation

Longhua Technology Group (Luoyang) 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 )
	=	999.338	/	6323.49
	=	0.16

Longhua Technology Group (Luoyang) 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 )
	=	1263.945	/	6610.317
	=	0.19

Longhua Technology Group (Luoyang) Co (SZSE:300263) 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.

Longhua Technology Group (Luoyang) Co LT-Debt-to-Total-Asset Related Terms

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Longhua Technology Group (Luoyang) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Longhua Technology Group (Luoyang) Co Ltd (SZSE:300263) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Luoyang City Airport Industrial Cluster Area, Henan Province, Luoyang, CHN, 471132

Website

http://www.longhuachuanre.com

Longhua Technology Group (Luoyang) Co Ltd is a Chinese company engaged in the research and manufacture of complex cooling (condensate) equipment. It offers products for petrochemical industry, power industry, and metallurgical industry. The product portfolio of the company includes air cooled condenser, composite cooling products, evaporative condenser, bundles, direct air-cooling condensation system, evaporative cooler, and others.

Executives

Li Jiang Wen	Directors, executives
Duan Jia Gang	Executives
Sun Jian Ke	Director
Li Zhan Qiang	Director
Li Ming Qiang	Director
Li Zhan Ming	Director
Zhang Ye	Securities Affairs Representative
Zhang Yuan Yuan	Directors, executives
Fan Shao Bin	Supervisors
Yang Yuan	Directors, executives
Dong Xiao Qiang	Executives
Liu Yan	Directors, executives
Dai Yun Fan	Executives
Zhang Guo An	Directors, executives
Cao Chun Guo	Executives

Longhua Technology Group (Luoyang) Co Headlines

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