Zhejiang Jingsheng Mechanical and Electrical Co (SZSE:300316) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Zhejiang Jingsheng Mechanical and Electrical 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. Zhejiang Jingsheng Mechanical and Electrical Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Zhejiang Jingsheng Mechanical and Electrical Co's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.03). It may suggest that Zhejiang Jingsheng Mechanical and Electrical Co is progressively becoming more dependent on debt to grow their business.

Zhejiang Jingsheng Mechanical and Electrical Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Jingsheng Mechanical and Electrical 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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Zhejiang Jingsheng Mechanical and Electrical Co LT-Debt-to-Total-Asset Chart

Zhejiang Jingsheng Mechanical and Electrical Co Annual Data

Trend

Dec14

Dec15

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

Zhejiang Jingsheng Mechanical and Electrical 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															0.01	0.02	0.02	0.03	0.03

Zhejiang Jingsheng Mechanical and Electrical Co LT-Debt-to-Total-Asset Calculation

Zhejiang Jingsheng Mechanical and Electrical 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 )
	=	579.977	/	36808.359
	=	0.02

Zhejiang Jingsheng Mechanical and Electrical 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 )
	=	1013.391	/	34069.714
	=	0.03

Zhejiang Jingsheng Mechanical and Electrical Co (SZSE:300316) 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.

Zhejiang Jingsheng Mechanical and Electrical Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Jingsheng Mechanical and Electrical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zhejiang Jingsheng Mechanical and Electrical Co Ltd (SZSE:300316) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 500, Shunda Road, Linping District, Zhejiang Province, Shangyu District, Hangzhou, CHN, 311199

Website

http://www.jsjd.cc

Zhejiang Jingsheng Mechanical and Electrical Co Ltd is engaged in Research & Development, manufacturing and sales of crystalline silicon growth equipment and its control systems.

Executives

Lu Xiao Wen	Directors, executives
Tao Huan Jun	Securities Affairs Representative
Zhang Jun	Executives
Fu Lin Jian	Executives
Zhu Liang	Directors, executives
Shi Gang	Executives
Cao Jian Wei	Directors, executives
Wang Qiu Chao	Independent director
Qiu Min Xiu	Director
Shen Bo Wei	Supervisors
Li Shi Lun	Director
Mao Quan Lin	Directors, executives

Zhejiang Jingsheng Mechanical and Electrical Co Headlines

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