Huagong Tech Co (SZSE:000988) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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What is Huagong Tech 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. Huagong Tech Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.16.

Huagong Tech Co's long-term debt to total assets ratio increased from Mar. 2023 (0.15) to Mar. 2024 (0.16). It may suggest that Huagong Tech Co is progressively becoming more dependent on debt to grow their business.

Huagong Tech Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Huagong Tech 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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Huagong Tech Co LT-Debt-to-Total-Asset Chart

Huagong Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.09

0.15

Huagong Tech 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															0.15	0.17	0.17	0.15	0.16

Huagong Tech Co LT-Debt-to-Total-Asset Calculation

Huagong Tech 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 )
	=	2526.778	/	17407.674
	=	0.15

Huagong Tech 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 )
	=	2774.05	/	17586.479
	=	0.16

Huagong Tech Co (SZSE:000988) 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.

Huagong Tech Co LT-Debt-to-Total-Asset Related Terms

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Huagong Tech Co (SZSE:000988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Huagong Tech Co Ltd (SZSE:000988) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Huazhong University of Science and Technology University, Huagong Technology Headquarters Building, Wuhan East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430223

Website

http://www.hgtech.com.cn

Huagong Tech Co Ltd is a China-based company principally engaged in the business of laser equipment manufacturing, optical communications and laser holographic anti-counterfeiting of sensitive products and components. The company's products are widely used in machinery manufacturing, aerospace, automobile industry, and iron and steel metallurgy and other industries. In addition, the company also offers solutions such as energy industry laser processing solutions, aerospace applications solutions, 3C industry laser processing solutions, automotive industry application solutions, certification industry anti-counterfeiting solutions, intelligent manufacturing service platform and cloud computing centre.

Executives

Xiong Wen	Directors, executives
Zhang Qin	Executives
Liu Han Shu	Directors, Directors, and Executives
Ma Xin Qiang	Directors, executives
Chen Sen Hua	Supervisors
An Xin	Securities Affairs Representative
Min Da Yong	Directors, executives
Nie Bo	Executives
Yang Xiao	Executives
Yang Xing Guo	Executives
Deng Jia Ke	Executives
Cai Xue En	Independent director
Zhu Song Qing	Director
Lv Wei Ping	Independent director
Wang Xiao Bei	Supervisors

Huagong Tech Co (SZSE:000988) Headlines

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