Sichuan Changhong Electric Co (SHSE:600839) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Sichuan Changhong Electric 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. Sichuan Changhong Electric Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Sichuan Changhong Electric Co's long-term debt to total assets ratio increased from Mar. 2023 (0.03) to Mar. 2024 (0.04). It may suggest that Sichuan Changhong Electric Co is progressively becoming more dependent on debt to grow their business.

Sichuan Changhong Electric Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sichuan Changhong Electric 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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Sichuan Changhong Electric Co LT-Debt-to-Total-Asset Chart

Sichuan Changhong Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.04

Sichuan Changhong Electric 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															0.03	0.04	0.05	0.04	0.04

Sichuan Changhong Electric Co LT-Debt-to-Total-Asset Calculation

Sichuan Changhong Electric 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 )
	=	3337.835	/	94400.25
	=	0.04

Sichuan Changhong Electric 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 )
	=	3373.443	/	94818.008
	=	0.04

Sichuan Changhong Electric Co (SHSE:600839) 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.

Sichuan Changhong Electric Co LT-Debt-to-Total-Asset Related Terms

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Sichuan Changhong Electric Co (SHSE:600839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sichuan Changhong Electric Co Ltd (SHSE:600839) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 35 Mianxing East Road, Gaoxing District, Mianyang, Sichuan, CHN, 621000

Website

http://www.changhong.com

Sichuan Changhong Electric Co Ltd is a China-based manufacturer and distributor of electronics and home appliances. It specializes in Research and development, manufacturing and marketing of various series of products including TV, refrigerator, air conditioner, cell phone, electronic components, compressor.

Executives

Huang Da Wen	senior management
Yang Dan	Supervisors
Fei Min Ying	Supervisors
Bao Han Li	Supervisors
Yang Xue Jun	Supervisors
Yin Rong Hua	Supervisors

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