Fujian Yongfu Power Engineering Co (SZSE:300712) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Fujian Yongfu Power Engineering 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. Fujian Yongfu Power Engineering Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Fujian Yongfu Power Engineering Co's long-term debt to total assets ratio increased from Sep. 2023 (0.05) to Sep. 2024 (0.06). It may suggest that Fujian Yongfu Power Engineering Co is progressively becoming more dependent on debt to grow their business.

Fujian Yongfu Power Engineering Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fujian Yongfu Power Engineering 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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Fujian Yongfu Power Engineering Co LT-Debt-to-Total-Asset Chart

Fujian Yongfu Power Engineering Co Annual Data

Trend

Dec14

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Dec20

Dec21

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Dec23

LT-Debt-to-Total-Asset

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0.02

0.05

0.06

Fujian Yongfu Power Engineering 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															0.05	0.06	0.06	0.09	0.06

Fujian Yongfu Power Engineering Co LT-Debt-to-Total-Asset Calculation

Fujian Yongfu Power Engineering 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 )
	=	236.818	/	4319.289
	=	0.05

Fujian Yongfu Power Engineering 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 )
	=	289.248	/	4634.492
	=	0.06

Fujian Yongfu Power Engineering Co (SZSE:300712) 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.

Fujian Yongfu Power Engineering Co LT-Debt-to-Total-Asset Related Terms

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Fujian Yongfu Power Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fujian Yongfu Power Engineering Co Ltd (SZSE:300712) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

High-tech Avenue, Haixi Science and Technology Park, Fujian Provience, Minhou County, Fuzhou, CHN, 350108

Website

http://www.fjyfdl.com

Fujian Yongfu Power Engineering Co Ltd is engaged in the provision of consultancy and survey and design services for electric power engineering to domestic and foreign customers. It also provides engineering, procurement, and construction general contracting projects process management services. The company is organized into four major operating divisions - electric power planning and pre-construction consulting, power generation engineering survey and design, power transmission and transformation engineering investigation design, and project general contracting.

Executives

Song Fa Xing	Executives
Zhuo Xiu Zhe	Executives

Fujian Yongfu Power Engineering Co Headlines

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