COFCO Technology & Industry Co (SZSE:301058) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is COFCO Technology & Industry 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. COFCO Technology & Industry Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

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

COFCO Technology & Industry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for COFCO Technology & Industry 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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COFCO Technology & Industry Co LT-Debt-to-Total-Asset Chart

COFCO Technology & Industry Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

COFCO Technology & Industry 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															-	-	-	-	-

COFCO Technology & Industry Co LT-Debt-to-Total-Asset Calculation

COFCO Technology & Industry 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 )
	=	8.7	/	4203.041
	=	0.00

COFCO Technology & Industry 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 )
	=	5.957	/	4176.02
	=	0.00

COFCO Technology & Industry Co (SZSE:301058) 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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COFCO Technology & Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » COFCO Technology & Industry Co Ltd (SZSE:301058) » Definitions » LT-Debt-to-Total-Asset

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Address

186 Huihe Road, Jiangsu Province, Wuxi, CHN, 214035

Website

http://www.cofcoet.com

COFCO Technology & Industry Co Ltd formerly COFCO Engineering Technology Co Ltd is a engineering service provider and equipment manufacturer in agricultural and food products and cold chain logistics industries. It provides domestic and foreign customers in the fields of wheat, rice, oil, corn, feed and grain logistics, agricultural product storage, cold chain storage logistics and other fields professional and high-quality full-process services such as delivery of mechanical and electrical engineering systems, general contracting of projects, and operation and maintenance.

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