Jiangxi First Hydraulic Co (SZSE:301446) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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

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

Jiangxi First Hydraulic Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangxi First Hydraulic 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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Jiangxi First Hydraulic Co LT-Debt-to-Total-Asset Chart

Jiangxi First Hydraulic Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.02

0.01

Jiangxi First Hydraulic Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									-	-	-	-	-

Jiangxi First Hydraulic Co LT-Debt-to-Total-Asset Calculation

Jiangxi First Hydraulic 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 )
	=	1.94	/	1314.639
	=	0.00

Jiangxi First Hydraulic 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 )
	=	0.914	/	1309.731
	=	0.00

Jiangxi First Hydraulic Co (SZSE:301446) 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.

Jiangxi First Hydraulic Co LT-Debt-to-Total-Asset Related Terms

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Jiangxi First Hydraulic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangxi First Hydraulic Co Ltd (SZSE:301446) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Fushite Avenue, Shangrao Economic and Technological Development Zone, Jiangxi, Shangrao, CHN, 334100

Website

http://www.jx-first.com

Jiangxi First Hydraulic Co Ltd is a large-scale hydraulic product manufacturer specializing in the research and development, production and sales of hydraulic pipeline systems.

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