Hit Welding Industry Co (SZSE:301137) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Hit Welding 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. Hit Welding Industry Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Hit Welding Industry Co's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.00). It may suggest that Hit Welding Industry Co is progressively becoming more dependent on debt to grow their business.

Hit Welding Industry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hit Welding 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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Hit Welding Industry Co LT-Debt-to-Total-Asset Chart

Hit Welding Industry Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

Hit Welding Industry Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Hit Welding Industry Co LT-Debt-to-Total-Asset Calculation

Hit Welding 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 )
	=	2.923	/	2069.406
	=	0.00

Hit Welding Industry Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	2.23	/	2027.153
	=	0.00

Hit Welding Industry Co (SZSE:301137) 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.

Hit Welding Industry Co LT-Debt-to-Total-Asset Related Terms

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Hit Welding Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hit Welding Industry Co Ltd (SZSE:301137) » Definitions » LT-Debt-to-Total-Asset

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Address

Yaoguan Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213102

Website

http://www.htw.cn

Hit Welding Industry Co Ltd is engaged in research and development, production and sales of various fusion welding materials. The company manufactures metal welding wire, special electrode, welding accessories, trackless guide permanent magnet wheel crawler type all-position autonomous crawling arc welding robot, hoisting machinery equipment manufacturing, and welding equipment.

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