Zhejiang RIFA Precision Machinery Co (SZSE:002520) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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

Zhejiang RIFA Precision Machinery Co's long-term debt to total assets ratio declined from Mar. 2023 (0.23) to Mar. 2024 (0.02). It may suggest that Zhejiang RIFA Precision Machinery Co is progressively becoming less dependent on debt to grow their business.

Zhejiang RIFA Precision Machinery Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang RIFA Precision Machinery 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 RIFA Precision Machinery Co LT-Debt-to-Total-Asset Chart

Zhejiang RIFA Precision Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.28

0.22

0.16

0.02

Zhejiang RIFA Precision Machinery 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															0.23	0.18	0.18	0.02	0.02

Zhejiang RIFA Precision Machinery Co LT-Debt-to-Total-Asset Calculation

Zhejiang RIFA Precision Machinery 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 )
	=	66.807	/	4226.766
	=	0.02

Zhejiang RIFA Precision Machinery 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 )
	=	61.928	/	4098.403
	=	0.02

Zhejiang RIFA Precision Machinery Co (SZSE:002520) 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.

Zhejiang RIFA Precision Machinery Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang RIFA Precision Machinery Co (SZSE:002520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang RIFA Precision Machinery Co Ltd (SZSE:002520) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Nanyan Industry Zone, Zhejiang Province, Xinchang, CHN, 312500

Website

http://www.rifapm.com

Zhejiang RIFA Precision Machinery Co Ltd is a China-based company engaged in the manufacturing and distribution of computer numerical control (CNC) machine tools. It provides CNC lathes, CNC grinding machines, vertical machining centers, horizontal machining centers, as well as gantry machining centers, among others. It offers its products under the brand name RIFA. The company distributes its products within domestic market and to overseas markets.

Executives

Wang Ben Shan	Directors, executives
Huang Lin Jun	Supervisors
Wu Jie	Director
Wang Ji	Director
Dong Yi Guang	Supervisors

Zhejiang RIFA Precision Machinery Co (SZSE:002520) Headlines

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