Guangdong Mingyang Electric Co (SZSE:301291) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Guangdong Mingyang 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. Guangdong Mingyang Electric Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Guangdong Mingyang Electric Co's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.00). It may suggest that Guangdong Mingyang Electric Co is progressively becoming less dependent on debt to grow their business.

Guangdong Mingyang Electric Co LT-Debt-to-Total-Asset Historical Data

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

Guangdong Mingyang Electric Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.12

0.08

0.01

Guangdong Mingyang Electric Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	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	0.01	0.01	0.01	-

Guangdong Mingyang Electric Co LT-Debt-to-Total-Asset Calculation

Guangdong Mingyang 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 )
	=	43.173	/	7835.582
	=	0.01

Guangdong Mingyang 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 )
	=	9.998	/	8519.855
	=	0.00

Guangdong Mingyang Electric Co (SZSE:301291) 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.

Guangdong Mingyang Electric Co LT-Debt-to-Total-Asset Related Terms

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Guangdong Mingyang Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Mingyang Electric Co Ltd (SZSE:301291) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1 Xingye West Road, Hengmen, Nanlang Town, Guangdong, Zhongshan, CHN, 528451

Website

http://www.mingyang.com.cn

Guangdong Mingyang Electric Co Ltd is engaged in research & development, production and sales of power transmission and distribution and control equipment in the fields of new energy and new infrastructure. The company mainly focuses on intelligent transformers, prefabricated transformers and intelligent switchgear. It is committed to becoming a leading provider of intelligent power distribution equipment.

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