Hengerda New Materials (Fujian) Co (SZSE:300946) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Hengerda New Materials (Fujian) 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. Hengerda New Materials (Fujian) Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Hengerda New Materials (Fujian) Co's long-term debt to total assets ratio declined from Sep. 2023 (0.04) to Sep. 2024 (0.03). It may suggest that Hengerda New Materials (Fujian) Co is progressively becoming less dependent on debt to grow their business.

Hengerda New Materials (Fujian) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hengerda New Materials (Fujian) 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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Hengerda New Materials (Fujian) Co LT-Debt-to-Total-Asset Chart

Hengerda New Materials (Fujian) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.04

Hengerda New Materials (Fujian) 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															0.04	0.04	0.04	0.03	0.03

Hengerda New Materials (Fujian) Co LT-Debt-to-Total-Asset Calculation

Hengerda New Materials (Fujian) 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 )
	=	52.236	/	1453.699
	=	0.04

Hengerda New Materials (Fujian) 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 )
	=	51.03	/	1505.89
	=	0.03

Hengerda New Materials (Fujian) Co (SZSE:300946) 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.

Hengerda New Materials (Fujian) Co LT-Debt-to-Total-Asset Related Terms

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Hengerda New Materials (Fujian) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hengerda New Materials (Fujian) Co Ltd (SZSE:300946) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 228, Tingdaowei, Xindu Village, Xindu Plant, Xindu Town, Fujian, Putian, CHN

Website

https://www.hengda-china.com

Hengerda New Materials (Fujian) Co Ltd is engaged in the research and development, production and sales of metal cutting tools such as die cutting tools, sawing tools, and cutting tools.

Hengerda New Materials (Fujian) Co Headlines

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