Zhejiang Supor Co (SZSE:002032) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Zhejiang Supor 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. Zhejiang Supor Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Zhejiang Supor Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Zhejiang Supor Co is progressively becoming more dependent on debt to grow their business.

Zhejiang Supor Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Supor 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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Zhejiang Supor Co LT-Debt-to-Total-Asset Chart

Zhejiang Supor Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.01

Zhejiang Supor 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															0.01	0.01	0.01	0.01	0.01

Zhejiang Supor Co LT-Debt-to-Total-Asset Calculation

Zhejiang Supor 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 )
	=	177.281	/	13106.704
	=	0.01

Zhejiang Supor 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 )
	=	158.973	/	12951.948
	=	0.01

Zhejiang Supor Co (SZSE:002032) 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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Zhejiang Supor Co (SZSE:002032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zhejiang Supor Co Ltd (SZSE:002032) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 1772 Jianghui Road, Supor Tower, 17th Floor, Dahuayu Economic Development Zone, Zhejiang Province, Hangzhou, Yuhuan, CHN, 310051

Website

http://www.supor.com.cn

Zhejiang Supor Co Ltd operates in the cookware and electric kitchen appliance industries in China. The products offered by the company are cookware, pressure cookers, steam irons and steam ironing machine, electric kettles, steam cookers, food processors, toasters, electric deep fryers, bread makers and indoor grill. The organization sells its products in China and internationally.

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