Zhejiang Meili High Technology Co (SZSE:300611) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Zhejiang Meili High Technology 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 Meili High Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Zhejiang Meili High Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Mar. 2024 (0.12). It may suggest that Zhejiang Meili High Technology Co is progressively becoming less dependent on debt to grow their business.

Zhejiang Meili High Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Meili High Technology 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 Meili High Technology Co LT-Debt-to-Total-Asset Chart

Zhejiang Meili High Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.05

0.21

0.13

0.10

Zhejiang Meili High Technology 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															0.12	0.11	0.10	0.10	0.12

Zhejiang Meili High Technology Co LT-Debt-to-Total-Asset Calculation

Zhejiang Meili High Technology 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 )
	=	205.416	/	2111.81
	=	0.10

Zhejiang Meili High Technology 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 )
	=	237.628	/	2070.066
	=	0.11

Zhejiang Meili High Technology Co (SZSE:300611) 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 Meili High Technology Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Meili High Technology Co (SZSE:300611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Meili High Technology Co Ltd (SZSE:300611) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1365 West Xinchang Avenue, Zhejiang, Xinchang, CHN, 312500

Website

http://www.china-springs.com

Zhejiang Meili High Technology Co Ltd is a China based company engages in the provision of automotive products. Its products portfolio includes power system spring, suspension system spring, car body and interior spring, universal spring and other spring. Its product range focuses on automotive, covering motorcycle, engineering machinery, petroleum transport and conveying, precision instrument, sport apparatus and mechanical device.

Executives

Zhang Bi Hong	Director
Zhang Zhu Jun	Directors, executives
Wang Guo Lian	Directors, executives

Zhejiang Meili High Technology Co (SZSE:300611) Headlines

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