State Grid Yingda Co (SHSE:600517) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is State Grid Yingda 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. State Grid Yingda Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

State Grid Yingda Co's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.01). It may suggest that State Grid Yingda Co is progressively becoming less dependent on debt to grow their business.

State Grid Yingda Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for State Grid Yingda 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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State Grid Yingda Co LT-Debt-to-Total-Asset Chart

State Grid Yingda Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.01

0.02

0.01

State Grid Yingda 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															0.02	0.01	0.02	0.01	0.01

State Grid Yingda Co LT-Debt-to-Total-Asset Calculation

State Grid Yingda 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 )
	=	294.523	/	44327.886
	=	0.01

State Grid Yingda 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 )
	=	307.203	/	44350.274
	=	0.01

State Grid Yingda Co (SHSE:600517) 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.

State Grid Yingda Co LT-Debt-to-Total-Asset Related Terms

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State Grid Yingda Co (SHSE:600517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » State Grid Yingda Co Ltd (SHSE:600517) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 2239 Hongqiao Road, Shanghai, CHN, 200335

Website

http://www.zhixindianqi.com.cn

State Grid Yingda Co Ltd, formerly Shanghai Zhixin Electric Co Ltd specializes in the development, production and sale of amorphous alloy transformers in China.

Executives

Xing Jun	senior management
Li Li	senior management
Que Lian Yuan	senior management
Chen Ying Yi	Director
Zhang Hui Yong	senior management
Niu Xi Hong	senior management
Chen Li Quan	senior management
Zhang Chun	senior management
Ling Jian	senior management
Liu Jian Xin	senior management
Zhang Jian Ming	Director

State Grid Yingda Co (SHSE:600517) Headlines

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