Beijing Worldia Diamond Tools Co (SHSE:688028) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Beijing Worldia Diamond Tools 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. Beijing Worldia Diamond Tools Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Beijing Worldia Diamond Tools Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.02). It may suggest that Beijing Worldia Diamond Tools Co is progressively becoming more dependent on debt to grow their business.

Beijing Worldia Diamond Tools Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Beijing Worldia Diamond Tools 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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Beijing Worldia Diamond Tools Co LT-Debt-to-Total-Asset Chart

Beijing Worldia Diamond Tools Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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Beijing Worldia Diamond Tools 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															-	-	-	-	0.02

Beijing Worldia Diamond Tools Co LT-Debt-to-Total-Asset Calculation

Beijing Worldia Diamond Tools 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 )
	=	1.145	/	2132.917
	=	0.00

Beijing Worldia Diamond Tools 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 )
	=	34.173	/	2199.542
	=	0.02

Beijing Worldia Diamond Tools Co (SHSE:688028) 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.

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Beijing Worldia Diamond Tools Co (SHSE:688028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Worldia Diamond Tools Co Ltd (SHSE:688028) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No.1, Jiuxianqiao Road East Road, Room H-03, 5th Floor, 7-12, Building 7, Chaoyang District, Beijing, CHN, 100015

Website

http://www.worldiatools.com

Beijing Worldia Diamond Tools Co Ltd is engaged in the research and development, production, sales and service of high precision diamond cutting tools. Th company's product catalogue mainly covers high precision cutting tools, diamond scribing wheels and related accessories. The cutting tools offered by the company are widely applied in automotive, electronic, new energy, and other industries.

Executives

Sun Xue Yuan	Supervisors
Zhang Zong Chao	Directors, senior managers, core technical personn
Fan Xiao Yan	Director
Chen Ji Feng	Directors, senior managers, core technical personn
Xu Wei	senior management
Chen Huan Chao	senior management
Tang Wen Lin	Directors, senior managers, core technical personn
Liu Chun Lan	Supervisors
Tian Yu	Director
Li Shu Hui	Director

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