Tongxin International (Tongxin International) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2010)

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What is Tongxin International 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. Tongxin International's long-term debt to total assests ratio for the quarter that ended in Dec. 2010 was 0.00.

Tongxin International's long-term debt to total assets ratio declined from Dec. 2008 (0.03) to Dec. 2010 (0.00). It may suggest that Tongxin International is progressively becoming less dependent on debt to grow their business.

Tongxin International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tongxin International'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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Tongxin International LT-Debt-to-Total-Asset Chart

Tongxin International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec14

LT-Debt-to-Total-Asset

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0.15

0.03

Tongxin International Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec14
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.15	0.03	-	-	-

Tongxin International LT-Debt-to-Total-Asset Calculation

Tongxin International's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2010 is calculated as

LT Debt to Total Assets (A: Dec. 2010 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2010 )	/	Total Assets (A: Dec. 2010 )
	=	0.163	/	165.081
	=	0.00

Tongxin International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2010 is calculated as

LT Debt to Total Assets (Q: Dec. 2010 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2010 )	/	Total Assets (Q: Dec. 2010 )
	=	0.163	/	165.081
	=	0.00

Tongxin International (OTCPK:TXIC) 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.

Tongxin International LT-Debt-to-Total-Asset Related Terms

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Tongxin International (Tongxin International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tongxin International Ltd (OTCPK:TXIC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Hunan Tongxin, Changsha, Hunan Province, Jiangbei, CHN, 410135

Website

http://www.txicint.com

Tongxin International Ltd is an independent supplier of EVBS in China, is capable of providing EVBS for both the commercial truck and light vehicle market segments. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels and fenders. Further, the company also designs, fabricates and tests dies used in the vehicle body structure manufacturing process.

Tongxin International (Tongxin International) Headlines

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