Hangzhou Zhengqiang (SZSE:301119) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Hangzhou Zhengqiang 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. Hangzhou Zhengqiang's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Hangzhou Zhengqiang's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.00). It may suggest that Hangzhou Zhengqiang is progressively becoming more dependent on debt to grow their business.

Hangzhou Zhengqiang LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hangzhou Zhengqiang'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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Hangzhou Zhengqiang LT-Debt-to-Total-Asset Chart

Hangzhou Zhengqiang Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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Hangzhou Zhengqiang 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															-	-	-	-	-

Hangzhou Zhengqiang LT-Debt-to-Total-Asset Calculation

Hangzhou Zhengqiang'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 )
	=	0	/	1157.939
	=	0.00

Hangzhou Zhengqiang'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 )
	=	0.892	/	1397.86
	=	0.00

Hangzhou Zhengqiang (SZSE:301119) 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.

Hangzhou Zhengqiang LT-Debt-to-Total-Asset Related Terms

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Hangzhou Zhengqiang Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hangzhou Zhengqiang Corp Ltd (SZSE:301119) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Zhangpanqiao Village, Shushan Street, Zhejiang Province, Xiaoshan, CHN, 311201

Website

http://www.zhengqiang.com

Hangzhou Zhengqiang Corp Ltd is engaged in the research and development, production and sales of automobile cross shaft universal joint assembly, joint fork and related parts.

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