Zhejiang Kayo Motor Co (BJSE:834058) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Zhejiang Kayo Motor 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. Zhejiang Kayo Motor Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Zhejiang Kayo Motor Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that Zhejiang Kayo Motor Co is progressively becoming less dependent on debt to grow their business.

Zhejiang Kayo Motor Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Kayo Motor 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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Zhejiang Kayo Motor Co LT-Debt-to-Total-Asset Chart

Zhejiang Kayo Motor Co Annual Data

Trend

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Dec22

LT-Debt-to-Total-Asset

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0.01

Zhejiang Kayo Motor Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	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															0.01	0.01	-	-	-

Zhejiang Kayo Motor Co LT-Debt-to-Total-Asset Calculation

Zhejiang Kayo Motor Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	1.913	/	341.577
	=	0.01

Zhejiang Kayo Motor 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 )
	=	0.239	/	555.029
	=	0.00

Zhejiang Kayo Motor Co (BJSE:834058) 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.

Zhejiang Kayo Motor Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Kayo Motor Co (BJSE:834058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Kayo Motor Co Ltd (BJSE:834058) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 139, Biyuan Road, Xinbi Street, Jinyun County, Zhejiang Province, Lishui City, CHN, 321400

Website

http://www.kayo.com.cn

Zhejiang Kayo Motor Co Ltd designs and creates off-road motorcycles. The company produces pit bikes, dirt bikes, and All-terrain vehicles (ATVs).

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