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WINBO-Dongjian Automotive Technology Co (SZSE:300978) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)


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What is WINBO-Dongjian Automotive 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. WINBO-Dongjian Automotive Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

WINBO-Dongjian Automotive Technology Co's long-term debt to total assets ratio declined from Sep. 2023 (0.06) to Sep. 2024 (0.05). It may suggest that WINBO-Dongjian Automotive Technology Co is progressively becoming less dependent on debt to grow their business.

WINBO-Dongjian Automotive Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for WINBO-Dongjian Automotive 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.

* Premium members only.

WINBO-Dongjian Automotive Technology Co LT-Debt-to-Total-Asset Chart

WINBO-Dongjian Automotive Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.01 0.03 0.03 0.04 0.05

WINBO-Dongjian Automotive Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.05 0.05 0.05 0.05

WINBO-Dongjian Automotive Technology Co LT-Debt-to-Total-Asset Calculation

WINBO-Dongjian Automotive 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 )
=149.59/2757.295
=0.05

WINBO-Dongjian Automotive Technology 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 )
=151.33/2852.987
=0.05

* 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.

WINBO-Dongjian Automotive Technology Co  (SZSE:300978) 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.

WINBO-Dongjian Automotive Technology Co LT-Debt-to-Total-Asset Related Terms

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WINBO-Dongjian Automotive Technology Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » WINBO-Dongjian Automotive Technology Co Ltd (SZSE:300978) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SZSE:300258 SZSE:002590 SZSE:300969 SHSE:601500 SHSE:603266 SHSE:600501 SHSE:688306 SZSE:301550 SZSE:301221 SZSE:300893 TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG XTER:CON SHSE:600660
Traded in Other Exchanges
N/A
Address
No. B333, Lecong Avenue West, Lecong Town, Shunde District, Guangdong Province, Foshan, CHN, 528315
Website
https://www.dongjian.cc
WINBO-Dongjian Automotive Technology Co Ltd is engaged in the research and development, production and sales of vehicle side bearing decoration system products, vehicle front and rear protection system products, vehicle interconnected intelligent electromechanical system products, roof loading system products and other vehicle system products.
Executives
Ma Cai Mei Supervisors
Ma Yong Tao Director
Xia Yan Hua Directors, executives
Luo Jun Directors, executives
Chen Zi Jia Directors, executives

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