Jiusheng Electric Co (SZSE:301082) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Jiusheng Electric 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. Jiusheng Electric Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Jiusheng Electric Co's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.06). It may suggest that Jiusheng Electric Co is progressively becoming more dependent on debt to grow their business.

Jiusheng Electric Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiusheng Electric 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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Jiusheng Electric Co LT-Debt-to-Total-Asset Chart

Jiusheng Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.07

Jiusheng Electric 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															0.01	0.07	0.09	0.10	0.06

Jiusheng Electric Co LT-Debt-to-Total-Asset Calculation

Jiusheng Electric 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 )
	=	215.721	/	3034.206
	=	0.07

Jiusheng Electric 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 )
	=	190.028	/	3318.57
	=	0.06

Jiusheng Electric Co (SZSE:301082) 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.

Jiusheng Electric Co LT-Debt-to-Total-Asset Related Terms

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Jiusheng Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiusheng Electric Co Ltd (SZSE:301082) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1000, Xifeng Road, Economic and Technological Development Zone, Zhejiang Province, Huzhou, CHN, 313099

Website

http://www.teccable.com

Jiusheng Electric Co Ltd is engaged in the research and development, production, sales and service of fireproof special cables and power cables.

Executives

Zhang Zhe Ye

Director

Jiusheng Electric Co Headlines

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