Hengbao Co (SZSE:002104) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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

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

Hengbao Co LT-Debt-to-Total-Asset Historical Data

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

Hengbao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

Hengbao 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	-	-	-	0.02

Hengbao Co LT-Debt-to-Total-Asset Calculation

Hengbao 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 )
	=	0.673	/	2396.881
	=	0.00

Hengbao 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 )
	=	53.945	/	2490.998
	=	0.02

Hengbao Co (SZSE:002104) 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.

Hengbao Co LT-Debt-to-Total-Asset Related Terms

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Hengbao Co (SZSE:002104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hengbao Co Ltd (SZSE:002104) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Hengtang Industrial Zone, Danyang, Jiangsu, CHN, 212355

Website

http://www.hengbao.com

Hengbao Co Ltd is engaged in a wide range of smart card products and technology solutions in China. Its business and products include banking IC card, telecommunication IC card, mobile payment product, online payment terminal, magnetic card, password card, ticket, Internet of Things, platform system, information security services and solutions.

Executives

Jiang Xiao Ping	Supervisors
Gan Ling	Supervisors
Zhao Zhang Jian	Directors, executives
Gao Shan	Director
Zhong Ying Jiu	Executives
Zhang Jian Ming	Directors, executives
Cao Zhi Xin	Directors, executives
Zhang Dong Yang	Director
Qian Yun Bao	Director
Jiang Hao Ran	Director
Wu Xiao Fang	Supervisors
Qian Ping	Supervisors
Tang Xiao Qin	Executives, within half a year of separation

Hengbao Co (SZSE:002104) Headlines

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