Zhengzhou Tiamaes Technology Co (SZSE:300807) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Zhengzhou Tiamaes 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. Zhengzhou Tiamaes Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Zhengzhou Tiamaes Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.03). It may suggest that Zhengzhou Tiamaes Technology Co is progressively becoming more dependent on debt to grow their business.

Zhengzhou Tiamaes Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhengzhou Tiamaes 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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Zhengzhou Tiamaes Technology Co LT-Debt-to-Total-Asset Chart

Zhengzhou Tiamaes Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

Zhengzhou Tiamaes 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															-	-	0.02	0.03	0.03

Zhengzhou Tiamaes Technology Co LT-Debt-to-Total-Asset Calculation

Zhengzhou Tiamaes 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 )
	=	20.48	/	721.937
	=	0.03

Zhengzhou Tiamaes 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 )
	=	20.226	/	681.326
	=	0.03

Zhengzhou Tiamaes Technology Co (SZSE:300807) 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.

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Zhengzhou Tiamaes Technology Co (SZSE:300807) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhengzhou Tiamaes Technology Co Ltd (SZSE:300807) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 316 Lianhua Street, No. 10 Building, Zhengzhou High-tech Industrial Development Zone, Henan Province, Zhengzhou, CHN, 450000

Website

http://en.tiamaes.com

Zhengzhou Tiamaes Technology Co Ltd operates as a specialized in urban public transport intelligent dispatching platform and research and development and design, production and sales of vehicle electronic products. The company is a provider of information system about urban intelligent transportation solutions and 2G/3G video/GPS/BDS beidou monitoring solutions in domestic,mainly engaged in the development,production and sales of medium andhigh-end system integrated products based on the above solutions,at present has formed the business structure with the vehicle network application field products as main products,with the whole urban bus intelligent solutions as fist products.

Executives

Shi Lei Lei	Supervisors
Zhang Zhen Hua	Executives
Si Ai Jun	Independent director

Zhengzhou Tiamaes Technology Co (SZSE:300807) Headlines

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