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Zhejiang Leapmotor Technology Co (HKSE:09863) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)


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What is Zhejiang Leapmotor 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. Zhejiang Leapmotor Technology Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Zhejiang Leapmotor Technology Co's long-term debt to total assets ratio declined from Dec. 2022 (0.05) to Dec. 2023 (0.04). It may suggest that Zhejiang Leapmotor Technology Co is progressively becoming less dependent on debt to grow their business.

Zhejiang Leapmotor Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Leapmotor 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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Zhejiang Leapmotor Technology Co LT-Debt-to-Total-Asset Chart

Zhejiang Leapmotor Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.45 0.36 0.04 0.05 0.04

Zhejiang Leapmotor Technology Co Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial 0.04 - 0.05 0.09 0.04

Zhejiang Leapmotor Technology Co LT-Debt-to-Total-Asset Calculation

Zhejiang Leapmotor 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 )
=1160.844/31121.747
=0.04

Zhejiang Leapmotor Technology Co'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 )
=1160.844/31121.747
=0.04

* 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.

Zhejiang Leapmotor Technology Co  (HKSE:09863) 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 Leapmotor Technology Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Leapmotor Technology Co (HKSE:09863) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Leapmotor Technology Co Ltd (HKSE:09863) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
HKSE:00489 HKSE:01585 HKSE:01114 HKSE:01958 HKSE:02451 HKSE:01122 HKSE:00175 TSLA TSE:7203 SZSE:002594 XTER:MBG XTER:BMW STLA XTER:VOW3 MIL:RACE TSE:7267 F GM NSE:MARUTI LI
Traded in Other Exchanges
N/A
Address
No. 451 Wulianwang Street, 1st Floor, Binjiang District, Zhejiang Province, Hangzhou, CHN
Website
https://www.leapmotor.com
Zhejiang Leapmotor Technology Co Ltd is principally engaged in the production, research and development and sales of new energy vehicles in the PRC.
Executives
Chen Ailing 2202 Interest of your spouse
Fu Liquan 2201 Interest of corporation controlled by you
Liu Yunzhen 2202 Interest of your spouse
Zhu Jiangming 2103 Interests held jointly with another person
Fu Yiqin 2201 Interest of corporation controlled by you
Guo Xin Zheng Quan Gu Fen You Xian Gong Si 2501 Other
Ning Bo Hua Ling Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo 2101 Beneficial owner
Stellantis N.v. 2101 Beneficial owner
Chen Ailing 2103 Interests held jointly with another person
Fu Liquan 2103 Interests held jointly with another person
Liu Yunzhen 2202 Interest of your spouse
Zhu Jiangming 2103 Interests held jointly with another person
Fu Yiqin 2201 Interest of corporation controlled by you
Hang Zhou Guo Shun Ling Pao Gu Quan Tou Zi He Huo Qi Ye You Xian He Huo 2101 Beneficial owner

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