Hailun Piano Co (SZSE:300329) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2024)

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What is Hailun Piano 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. Hailun Piano Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.09.

Hailun Piano Co's long-term debt to total assets ratio increased from Dec. 2023 (0.00) to Dec. 2024 (0.09). It may suggest that Hailun Piano Co is progressively becoming more dependent on debt to grow their business.

Hailun Piano Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hailun Piano 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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Hailun Piano Co LT-Debt-to-Total-Asset Chart

Hailun Piano Co Annual Data

Trend

Dec15

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Dec24

LT-Debt-to-Total-Asset

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0.09

Hailun Piano Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	0.09

Hailun Piano Co LT-Debt-to-Total-Asset Calculation

Hailun Piano Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	97.581	/	1111.154
	=	0.09

Hailun Piano Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	97.581	/	1111.154
	=	0.09

Hailun Piano Co (SZSE:300329) 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.

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Hailun Piano Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Hailun Piano Co Ltd (SZSE:300329) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 36, Longtanshan Road, Beilun Distrist, Zhejiang, Ningbo, CHN, 315806

Website

https://www.hailunpiano.com

Hailun Piano Co Ltd is engaged in manufacturing of piano parts. The products of the company include grand piano and upright pianos.

Executives

Lu Ming Chu	Director
Lu Xiao Ming	Supervisors
Chen Chao Feng	Director
Jin Hai Fen	Directors, executives
Lu Fang Lun	Director
Duan Yi Chao	Independent director
Chen Yun Gen	Supervisors
Yang Guo Fen	Director

Hailun Piano Co Headlines

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