Jiangsu Huayang Intelligent Equipment Co (SZSE:301502) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Jiangsu Huayang Intelligent Equipment 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. Jiangsu Huayang Intelligent Equipment Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

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

Jiangsu Huayang Intelligent Equipment Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Huayang Intelligent Equipment 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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Jiangsu Huayang Intelligent Equipment Co LT-Debt-to-Total-Asset Chart

Jiangsu Huayang Intelligent Equipment Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Jiangsu Huayang Intelligent Equipment Co Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								-	-	-	-	-

Jiangsu Huayang Intelligent Equipment Co LT-Debt-to-Total-Asset Calculation

Jiangsu Huayang Intelligent Equipment 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 )
	=	0.017	/	683.983
	=	0.00

Jiangsu Huayang Intelligent Equipment 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 )
	=	0.014	/	1041.317
	=	0.00

Jiangsu Huayang Intelligent Equipment Co (SZSE:301502) 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.

Jiangsu Huayang Intelligent Equipment Co LT-Debt-to-Total-Asset Related Terms

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Jiangsu Huayang Intelligent Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Huayang Intelligent Equipment Co Ltd (SZSE:301502) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Cencun Village, Wujin District, Jiangsu Province, Luoyang Town, CHN, 213104

Website

https://www.cn-huayang.com

Jiangsu Huayang Intelligent Equipment Co Ltd is engaged in research & development, production and sales of micro motors and application products. The company's main business: precision motors and medical equipment. It is a supplier of small and special motors and components for household appliance companies and develops precision drug delivery devices based on electric motor driven electronic injection pens, micro injection pumps and other precision drug delivery devices in the field of medical drug delivery devices.

Jiangsu Huayang Intelligent Equipment Co Headlines

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