United Faith Auto Engineering Co (SZSE:301112) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is United Faith Auto Engineering 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. United Faith Auto Engineering Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

United Faith Auto Engineering Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.01). It may suggest that United Faith Auto Engineering Co is progressively becoming more dependent on debt to grow their business.

United Faith Auto Engineering Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for United Faith Auto Engineering 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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United Faith Auto Engineering Co LT-Debt-to-Total-Asset Chart

United Faith Auto Engineering Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.01

United Faith Auto Engineering Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	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	0.01	0.01

United Faith Auto Engineering Co LT-Debt-to-Total-Asset Calculation

United Faith Auto Engineering 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 )
	=	21.044	/	1662.263
	=	0.01

United Faith Auto Engineering 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 )
	=	16.189	/	1607.107
	=	0.01

United Faith Auto Engineering Co (SZSE:301112) 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.

United Faith Auto Engineering Co LT-Debt-to-Total-Asset Related Terms

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United Faith Auto Engineering Co (SZSE:301112) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » United Faith Auto Engineering Co Ltd (SZSE:301112) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

North side of Checheng Avenue, Auto City, Huadu District, Guangdong Province, Guangzhou, CHN, 510800

Website

http://www.uf.com.cn

United Faith Auto Engineering Co Ltd is engaged in the research and development, Design, manufacturing, assembly and sales of automotive intelligence, automated production lines and complete sets of equipment.

United Faith Auto Engineering Co (SZSE:301112) Headlines

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