Zoomlion Heavy Industry Science and Technology Co (SZSE:000157) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Zoomlion Heavy Industry Science and Technology 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. Zoomlion Heavy Industry Science and Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Zoomlion Heavy Industry Science and Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.09) to Mar. 2024 (0.13). It may suggest that Zoomlion Heavy Industry Science and Technology Co is progressively becoming more dependent on debt to grow their business.

Zoomlion Heavy Industry Science and Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zoomlion Heavy Industry Science and Technology 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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Zoomlion Heavy Industry Science and Technology Co LT-Debt-to-Total-Asset Chart

Zoomlion Heavy Industry Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.14

0.07

0.09

0.12

Zoomlion Heavy Industry Science and Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.12	0.11	0.12	0.13

Zoomlion Heavy Industry Science and Technology Co LT-Debt-to-Total-Asset Calculation

Zoomlion Heavy Industry Science and Technology 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 )
	=	15252.118	/	130862.389
	=	0.12

Zoomlion Heavy Industry Science and Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	17124.123	/	132991.761
	=	0.13

Zoomlion Heavy Industry Science and Technology Co (SZSE:000157) 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.

Zoomlion Heavy Industry Science and Technology Co LT-Debt-to-Total-Asset Related Terms

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Zoomlion Heavy Industry Science and Technology Co (SZSE:000157) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Zoomlion Heavy Industry Science and Technology Co Ltd (SZSE:000157) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

ZLIOY:USA ZLIOF:USA 01157:Hong Kong 8CZ:Germany

Address

No. 361, Yinpen South Road, Hunan Province, Changsha, CHN, 410013

Website

https://www.zoomlion.com

Zoomlion Heavy Industry Science and Technology Co Ltd are mainly engaged in the research, development, manufacturing, and sales of construction machinery, and agricultural machinery. It is engaged in three main operating segments, including (i) research, development, manufacturing, and sale of construction machinery; (ii) research, development, manufacturing, and sale of agricultural machinery; and (iii) finance lease services. The construction machinery segment provides concrete machinery, crane machinery, road construction machinery, pile foundation machinery, work-at-height machinery, fire machinery, mining machinery, forklift truck, and other products. Agricultural machinery industry, including farming machinery, harvesting machinery, drying machinery, and agricultural equipment.

Executives

Xiong Yan Ming	Executives
Tang Shao Fang	Executives
Wang Yong Xiang	Executives
Du Yi Gang	Executives
Luo Kai	Executives
Shen Ke	Executives
Huang Jian Bing	Executives
Sun Chang Jun	Executives
Tian Bing	Executives
Fu Ling	Executives
He Jian Ming	Supervisors
Guo Xue Hong	Executives
Guo Tao	Securities Affairs Representative
Liu Xiao Ping	Supervisors
He Wen Jin	Executives

Zoomlion Heavy Industry Science and Technology Co (SZSE:000157) Headlines

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