Jiangsu Xinquan Automotive Trim Co (SHSE:603179) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Jiangsu Xinquan Automotive Trim 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. Jiangsu Xinquan Automotive Trim Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Jiangsu Xinquan Automotive Trim Co's long-term debt to total assets ratio increased from Mar. 2023 (0.08) to Mar. 2024 (0.12). It may suggest that Jiangsu Xinquan Automotive Trim Co is progressively becoming more dependent on debt to grow their business.

Jiangsu Xinquan Automotive Trim Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Xinquan Automotive Trim 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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Jiangsu Xinquan Automotive Trim Co LT-Debt-to-Total-Asset Chart

Jiangsu Xinquan Automotive Trim Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.08

0.04

0.11

Jiangsu Xinquan Automotive Trim 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															0.08	0.09	0.17	0.11	0.12

Jiangsu Xinquan Automotive Trim Co LT-Debt-to-Total-Asset Calculation

Jiangsu Xinquan Automotive Trim 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 )
	=	1481.948	/	13447.165
	=	0.11

Jiangsu Xinquan Automotive Trim 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 )
	=	1647.647	/	13891.177
	=	0.12

Jiangsu Xinquan Automotive Trim Co (SHSE:603179) 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.

Jiangsu Xinquan Automotive Trim Co LT-Debt-to-Total-Asset Related Terms

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Jiangsu Xinquan Automotive Trim Co (SHSE:603179) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangsu Xinquan Automotive Trim Co Ltd (SHSE:603179) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Changchun Village, Danbei Town, Jiangsu Province, Danyang, CHN, 213022

Website

http://xinquan.cn

Jiangsu Xinquan Automotive Trim Co Ltd is a China based auto parts supplier. It offers exterior pieces of the system components and die design.

Executives

Li Xin Fang	Directors, senior managers
Zhu Wen Jun	senior management
Jiang Mei Xia	Director
Liu Dong Sheng	senior management
Zhou Xiong	Director
Wang Bo	Directors, senior managers
Gao Hai Long	Directors, senior managers
Tang Zhi Hua	Directors, senior managers

Jiangsu Xinquan Automotive Trim Co (SHSE:603179) Headlines

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