Ningbonxing Medical Electric Co (SHSE:601567) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Ningbonxing Medical 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. Ningbonxing Medical Electric Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Ningbonxing Medical Electric Co's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.15). It may suggest that Ningbonxing Medical Electric Co is progressively becoming more dependent on debt to grow their business.

Ningbonxing Medical Electric Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ningbonxing Medical 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.

* Premium members only.

Ningbonxing Medical Electric Co LT-Debt-to-Total-Asset Chart

Ningbonxing Medical Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.03

0.02

0.06

0.04

0.15

Ningbonxing Medical 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															0.04	0.04	0.05	0.15	0.15

Ningbonxing Medical Electric Co LT-Debt-to-Total-Asset Calculation

Ningbonxing Medical 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 )
	=	3223.29	/	21513.023
	=	0.15

Ningbonxing Medical 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 )
	=	3286.452	/	21333.719
	=	0.15

Ningbonxing Medical Electric Co (SHSE:601567) 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.

Ningbonxing Medical Electric Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Ningbonxing Medical Electric Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Ningbonxing Medical Electric Co (SHSE:601567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Sanxing Medical Electric Co Ltd (SHSE:601567) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.17 Fenglin Road, Cicheng Tow, Jiangbei District, Ningbo, CHN, 315034

Website

http://www.sanxing.com

Ningbo Sanxing Medical Electric Co Ltd operates in the electricity measurement industry. The product portfolio of the group includes the Meter box, Smart substation, Switchgear, Power distribution automation devices and others. Geographically the firm operated through China however its business presence is also seen internationally.

Executives

Zheng Jian Jiang	Director
Guo Su	Directors, senior managers
Shen Guo Ying	Directors, senior managers
Zheng Jun Da	Supervisors
Mou Xi Lei	Directors, senior managers
Xin Ning	Director
Liang Song Luan	senior management
Fu Guo Yi	Supervisors
Li Wei Qing	Director

Ningbonxing Medical Electric Co (SHSE:601567) Headlines

No Headlines