Zhejiang Tiantie Industry Co (SZSE:300587) LT-Debt-to-Total-Asset : 0.23 (As of Mar. 2024)

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What is Zhejiang Tiantie Industry 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 Tiantie Industry Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.23.

Zhejiang Tiantie Industry Co's long-term debt to total assets ratio increased from Mar. 2023 (0.19) to Mar. 2024 (0.23). It may suggest that Zhejiang Tiantie Industry Co is progressively becoming more dependent on debt to grow their business.

Zhejiang Tiantie Industry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Tiantie Industry 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 Tiantie Industry Co LT-Debt-to-Total-Asset Chart

Zhejiang Tiantie Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.10

0.11

0.12

0.19

Zhejiang Tiantie Industry 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															0.19	0.18	0.16	0.19	0.23

Zhejiang Tiantie Industry Co LT-Debt-to-Total-Asset Calculation

Zhejiang Tiantie Industry 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 )
	=	1016.412	/	5270.937
	=	0.19

Zhejiang Tiantie Industry 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 )
	=	1250.421	/	5492.553
	=	0.23

Zhejiang Tiantie Industry Co (SZSE:300587) 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 Tiantie Industry Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Tiantie Industry Co (SZSE:300587) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zhejiang Tiantie Industry Co Ltd (SZSE:300587) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.928, Renmin East Road, Tiantai County, Zhejiang Province, Taizhou, CHN, 317200

Website

http://www.tiantie.cn

Zhejiang Tiantie Industry Co Ltd provides engineering rubber products. The company manufactures and sells industrial rubber goods, rubberized fabrics, and other rubber products. It offers track structures, such as rails, sleepers, and ballast; vibration damping products; isolated rubber damping pads; embedded rubber crossing boards and plates; conveyor belts; elastic components; and sealing products and other rubber products.

Executives

Wang Sen Rong	Executives
Zheng Shuang Lian	Executives
Zheng Jian Feng	Executives
Niu Wen Qiang	Directors, executives
Di Xiao Yu	Supervisors
Xu Ji Ding	Director
Lu Ling Xiao	Supervisors
Fan Wei Wei	Directors, executives
Xu Yin Bin	Directors, executives
Xu Kong Bin	Directors, executives
Zhu Jian Zhong	Executives
Yang Tai Feng	Executives
Wang Bo	Directors, executives
Fan Wen Rong	Securities Affairs Representative

Zhejiang Tiantie Industry Co (SZSE:300587) Headlines

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