Pang Da Automobile Trade Co (SHSE:601258) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2023)

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What is Pang Da Automobile Trade 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. Pang Da Automobile Trade Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.14.

Pang Da Automobile Trade Co's long-term debt to total assets ratio declined from Mar. 2022 (0.20) to Mar. 2023 (0.14). It may suggest that Pang Da Automobile Trade Co is progressively becoming less dependent on debt to grow their business.

Pang Da Automobile Trade Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pang Da Automobile Trade 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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Pang Da Automobile Trade Co LT-Debt-to-Total-Asset Chart

Pang Da Automobile Trade Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.02

0.19

0.22

0.20

0.15

Pang Da Automobile Trade Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.19	0.19	0.15	0.14

Pang Da Automobile Trade Co LT-Debt-to-Total-Asset Calculation

Pang Da Automobile Trade 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 )
	=	3345.664	/	22217.196
	=	0.15

Pang Da Automobile Trade Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	3205.741	/	22296.14
	=	0.14

Pang Da Automobile Trade Co (SHSE:601258) 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.

Pang Da Automobile Trade Co LT-Debt-to-Total-Asset Related Terms

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Pang Da Automobile Trade Co (SHSE:601258) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pang Da Automobile Trade Co Ltd (SHSE:601258) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

South Side of Flyover, Luan County, Hebei Province, Tangshan, CHN, 063700

Website

http://www.pdqmjt.com

Pang Da Automobile Trade Co Ltd is an automobile marketing enterprise specializing in automobile sales service. The company sells various kinds of cars, including the passenger cars, commercial vehicles, and mini-cars. Geographically, the activities of the group are functioned through China.

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