Kangping Technology (Suzhou) Co (SZSE:300907) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Kangping Technology (Suzhou) 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. Kangping Technology (Suzhou) Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Kangping Technology (Suzhou) Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that Kangping Technology (Suzhou) Co is progressively becoming less dependent on debt to grow their business.

Kangping Technology (Suzhou) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kangping Technology (Suzhou) 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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Kangping Technology (Suzhou) Co LT-Debt-to-Total-Asset Chart

Kangping Technology (Suzhou) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.03

Kangping Technology (Suzhou) Co Quarterly Data
	Dec18	Jun19	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															0.01	0.01	-	-	-

Kangping Technology (Suzhou) Co LT-Debt-to-Total-Asset Calculation

Kangping Technology (Suzhou) 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 )
	=	2.776	/	1170.936
	=	0.00

Kangping Technology (Suzhou) 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 )
	=	2.043	/	1205.59
	=	0.00

Kangping Technology (Suzhou) Co (SZSE:300907) 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.

Kangping Technology (Suzhou) Co LT-Debt-to-Total-Asset Related Terms

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Kangping Technology (Suzhou) Co (SZSE:300907) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kangping Technology (Suzhou) Co Ltd (SZSE:300907) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 18, Huayuan Road, Xiangcheng Economic Development Zone, Jiangsu Province, Suzhou, CHN, 215131

Website

http://www.chinakangping.com

Kangping Technology (Suzhou) Co Ltd is engaged in design, production and sales of motors for power tools, complete power tools and related spare parts.

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