GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qinchuan Machine Tool & Tool Group Share Co Ltd (SZSE:000837) » Definitions » LT-Debt-to-Total-Asset

Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)


View and export this data going back to 1998. Start your Free Trial

What is Qinchuan Machine Tool & Tool Group Share 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. Qinchuan Machine Tool & Tool Group Share Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Qinchuan Machine Tool & Tool Group Share Co's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.03). It may suggest that Qinchuan Machine Tool & Tool Group Share Co is progressively becoming less dependent on debt to grow their business.

Qinchuan Machine Tool & Tool Group Share Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Qinchuan Machine Tool & Tool Group Share 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.

* Premium members only.

Qinchuan Machine Tool & Tool Group Share Co LT-Debt-to-Total-Asset Chart

Qinchuan Machine Tool & Tool Group Share Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.12 0.02 0.05 0.03

Qinchuan Machine Tool & Tool Group Share 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.04 0.04 0.03 0.03

Qinchuan Machine Tool & Tool Group Share Co LT-Debt-to-Total-Asset Calculation

Qinchuan Machine Tool & Tool Group Share 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 )
=294.001/9860.35
=0.03

Qinchuan Machine Tool & Tool Group Share 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 )
=273.549/9763.944
=0.03

* 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.

Qinchuan Machine Tool & Tool Group Share Co  (SZSE:000837) 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.

Qinchuan Machine Tool & Tool Group Share Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Qinchuan Machine Tool & Tool Group Share Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qinchuan Machine Tool & Tool Group Share Co Ltd (SZSE:000837) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SZSE:000821 SZSE:002073 BJSE:872808 SHSE:603075 SHSE:600783 SHSE:605555 SZSE:000922 SHSE:603063 SHSE:688400 SZSE:301260 XTER:SIE XPAR:SU ETN OSTO:ATCO A ITW PH EMR XKRX:373220 AME OTIS
Traded in Other Exchanges
N/A
Address
No. 22 Jiangtan Road, Shanxi, Baoji, CHN, 721009
Website
http://www.qinchuan.com
Qinchuan Machine Tool & Tool Group Share Co Ltd is mainly engaged in the production and sales of metal cutting machine tools, plastic processing machinery and related equipment and raw materials in China. It offers CNC machine tools, gear and gearboxes, plastics machinery, and precision casting products.
Executives
Zhao Jia Bao Executives
Hu Hong Directors, executives
Tian Sha Executives
Hang Bao Jun Executives
Si Guan Lin Executives
Guo Bao An Executives
Long Xing Yuan Directors, executives
Fu Lin Xing Directors, executives
Song Geng Tian Supervisors
Liu Wan Chao Directors, executives
Li Qiang Director
Wang La Xiang Supervisors
Mao Feng Executives
Zhang Yi Supervisors
Wu Kang Executives

Qinchuan Machine Tool & Tool Group Share Co (SZSE:000837) Headlines

No Headlines