Tianjin Pengling Group Co (SZSE:300375) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Tianjin Pengling Group 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. Tianjin Pengling Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Tianjin Pengling Group Co's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.01). It may suggest that Tianjin Pengling Group Co is progressively becoming more dependent on debt to grow their business.

Tianjin Pengling Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tianjin Pengling Group 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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Tianjin Pengling Group Co LT-Debt-to-Total-Asset Chart

Tianjin Pengling Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

Tianjin Pengling Group 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	0.01	0.01

Tianjin Pengling Group Co LT-Debt-to-Total-Asset Calculation

Tianjin Pengling Group 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 )
	=	12.538	/	3316.146
	=	0.00

Tianjin Pengling Group 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 )
	=	17.773	/	3219.296
	=	0.01

Tianjin Pengling Group Co (SZSE:300375) 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.

Tianjin Pengling Group Co LT-Debt-to-Total-Asset Related Terms

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Tianjin Pengling Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tianjin Pengling Group Co Ltd (SZSE:300375) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1703 Gewan Road, Zhongtang Industrial Area, Binhai New Area, Tianjin, CHN, 300270

Website

http://www.pengling.cn

Tianjin Pengling Group Co Ltd is engaged in the design, research and development, production, and sales of automobile accessory. The products of the company include pipe series and seal series.

Executives

Gao Xian Hua	Executives
Zhang Hong Qi	Director
Wang Zhong Sheng	Supervisors
Li Jin Lou	Directors, executives
Liu Li	Supervisors
Zhang Bao Xin	Directors, executives
Liu Shi Ling	Secretary, Director
Zhang Xi Cheng	Executives
Wang Shao Guo	Supervisors

Tianjin Pengling Group Co Headlines

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