Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Shanghai Automobile Air-Conditioner Accessories 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. Shanghai Automobile Air-Conditioner Accessories Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Shanghai Automobile Air-Conditioner Accessories Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.06). It may suggest that Shanghai Automobile Air-Conditioner Accessories Co is progressively becoming more dependent on debt to grow their business.

Shanghai Automobile Air-Conditioner Accessories Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Automobile Air-Conditioner Accessories 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.

Shanghai Automobile Air-Conditioner Accessories Co LT-Debt-to-Total-Asset Chart

Shanghai Automobile Air-Conditioner Accessories Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

0.05

0.06

Shanghai Automobile Air-Conditioner Accessories Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									-	0.07	0.08	0.06	0.06

Shanghai Automobile Air-Conditioner Accessories Co LT-Debt-to-Total-Asset Calculation

Shanghai Automobile Air-Conditioner Accessories 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 )
	=	161.567	/	2829.765
	=	0.06

Shanghai Automobile Air-Conditioner Accessories 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 )
	=	161.678	/	2767.46
	=	0.06

Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) 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.

Shanghai Automobile Air-Conditioner Accessories Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Shanghai Automobile Air-Conditioner Accessories Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Automobile Air-Conditioner Accessories Co Ltd (SHSE:603107) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1188, Lianxi Road, Pudong New Area, Shanghai, CHN, 201204

Website

Shanghai Automobile Air-Conditioner Accessories Co Ltd is engaged in research & development, production and sales of automobile parts such as air conditioning pipes and fuel distribution pipes.

Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) Headlines

No Headlines