Fulongma Group Co (SHSE:603686) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Fulongma Group 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. Fulongma Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Fulongma Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.03). It may suggest that Fulongma Group Co is progressively becoming less dependent on debt to grow their business.

Fulongma Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fulongma Group 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.

Fulongma Group Co LT-Debt-to-Total-Asset Chart

Fulongma Group 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

0.04

0.03

Fulongma Group 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	0.03	0.03	0.03	0.03

Fulongma Group Co LT-Debt-to-Total-Asset Calculation

Fulongma Group 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 )
	=	184.183	/	6120.854
	=	0.03

Fulongma Group 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 )
	=	188.632	/	6308.836
	=	0.03

Fulongma Group Co (SHSE:603686) 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.

Fulongma Group Co LT-Debt-to-Total-Asset Related Terms

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

Fulongma Group Co (SHSE:603686) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fulongma Group Co Ltd (SHSE:603686) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 42, Longteng South Road, Donghua Community, Dongxiao Town, Xinluo District, Fujian Province, Longyan, CHN, 364028

Website

http://www.fjlm.com.cn

Fulongma Group Co Ltd supplies Chinese professionalization environmental sanitation equipment. The company is engaged in the research and development, production, selling, and services of the specialized cleaning vehicle, garbage, collecting and transporting vehicle and other equipment that are mainly used in the environmental sanitation department, municipal works, and road cleaning. Some of its products are Sweeping and Clean-keeping series, Garbage collection, and others.

Executives

Shen Jia Qing	Supervisors
Zhang Gui Feng	Director
Yang Yu Zhong	Directors, senior managers
Li Xiao Bing	Director
Li Kai Sen	Supervisors
Lin Hong Zhen	senior management
Bai Yun Long	senior management
Zhang Gui Chao	Directors, senior managers
Ceng En Hua	senior management
Chen Jing Jie	Director
Rong Min Long	senior management
Liao Jian He	senior management
Chen Yong Qi	senior management
Lin Zhen	Supervisors

Fulongma Group Co (SHSE:603686) Headlines

No Headlines