Zhejiang Yonggui Electric Equipment Co (SZSE:300351) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Zhejiang Yonggui Electric Equipment 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 Yonggui Electric Equipment Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Zhejiang Yonggui Electric Equipment Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.00). It may suggest that Zhejiang Yonggui Electric Equipment Co is progressively becoming more dependent on debt to grow their business.

Zhejiang Yonggui Electric Equipment Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Yonggui Electric Equipment 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 Yonggui Electric Equipment Co LT-Debt-to-Total-Asset Chart

Zhejiang Yonggui Electric Equipment Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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Zhejiang Yonggui Electric Equipment Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Zhejiang Yonggui Electric Equipment Co LT-Debt-to-Total-Asset Calculation

Zhejiang Yonggui Electric Equipment 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 )
	=	5.59	/	3198.773
	=	0.00

Zhejiang Yonggui Electric Equipment Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	6.323	/	3161.689
	=	0.00

Zhejiang Yonggui Electric Equipment Co (SZSE:300351) 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 Yonggui Electric Equipment Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Yonggui Electric Equipment Co (SZSE:300351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Yonggui Electric Equipment Co Ltd (SZSE:300351) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 5, Dongyuan Road, Western Industrial Park, Baihe Town, Taizhou, Tiantai, CHN, 317201

Website

http://en.yonggui.com

Zhejiang Yonggui Electric Equipment Co Ltd is engaged in manufacturing connectors used in railways and other vehicle. Its products include circular connector, locomotive connector, wind connector, and electric vehicle connector.

Executives

Fan Yong Gui	Director
Zhou Ting Ping	Executives
Tu Hai Wen	Director
Yang Run Li	Supervisors
Xiao Hong Ying	Independent director
Fan Zheng Jun	Directors, executives
Yu Wen Zhen	Secretary Dong
Li Yun Ming	Director
Lu Su Zhen	Executives
Jia Fei Long	Director, Securities Affairs Representative

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