China PengFei Group (HKSE:03348) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is China PengFei Group 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. China PengFei Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

China PengFei Group's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that China PengFei Group is progressively becoming more dependent on debt to grow their business.

China PengFei Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for China PengFei Group'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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China PengFei Group LT-Debt-to-Total-Asset Chart

China PengFei Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

China PengFei Group Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								-	-	0.01	0.01	0.01

China PengFei Group LT-Debt-to-Total-Asset Calculation

China PengFei Group'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 )
	=	19.623	/	2691.138
	=	0.01

China PengFei Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	19.623	/	2691.138
	=	0.01

China PengFei Group (HKSE:03348) 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.

China PengFei Group LT-Debt-to-Total-Asset Related Terms

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China PengFei Group (HKSE:03348) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China PengFei Group Ltd (HKSE:03348) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Benjiaji, Beijiao, Jiangsu Province, Haian, CHN

Website

http://www.pengfei.com.cn

China PengFei Group Ltd is engaged in equipment manufacturing and installation, and construction of production line business. It manufactures Rotary kilns, Grinding equipment, and their related equipment in the PRC and various markets. The group derives prime revenue from Mainland China.

Executives

Ambon Holding Limited	2101 Beneficial owner
Wang Jiaan	2201 Interest of corporation controlled by you
Pf International Group Limited	2101 Beneficial owner
Pf Global Limited	2101 Beneficial owner

China PengFei Group (HKSE:03348) Headlines

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