Dongguan Yiheda Automation Co (SZSE:301029) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Dongguan Yiheda Automation 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. Dongguan Yiheda Automation Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

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

Dongguan Yiheda Automation Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dongguan Yiheda Automation 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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Dongguan Yiheda Automation Co LT-Debt-to-Total-Asset Chart

Dongguan Yiheda Automation Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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Dongguan Yiheda Automation Co Quarterly Data
	Dec18	Mar19	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	-	-	-	-

Dongguan Yiheda Automation Co LT-Debt-to-Total-Asset Calculation

Dongguan Yiheda Automation 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 )
	=	10.088	/	3648.928
	=	0.00

Dongguan Yiheda Automation 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 )
	=	8.958	/	3716.7
	=	0.00

Dongguan Yiheda Automation Co (SZSE:301029) 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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Dongguan Yiheda Automation Co (SZSE:301029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dongguan Yiheda Automation Co Ltd (SZSE:301029) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Dongfang Industrial Zone, Beizha, Humen Town, Guangdong Province, Dongguan, CHN, 523000

Website

https://www.yhdfa.com

Dongguan Yiheda Automation Co Ltd specializes in the research and development, production and sales of automation components, and provides one-stop supply of factory automation components. The company is deeply involved in the automation equipment industry.

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