Weihai Guangwei Composites Co (SZSE:300699) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Weihai Guangwei Composites 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. Weihai Guangwei Composites Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Weihai Guangwei Composites Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.05). It may suggest that Weihai Guangwei Composites Co is progressively becoming more dependent on debt to grow their business.

Weihai Guangwei Composites Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Weihai Guangwei Composites 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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Weihai Guangwei Composites Co LT-Debt-to-Total-Asset Chart

Weihai Guangwei Composites Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.02

Weihai Guangwei Composites 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	0.05

Weihai Guangwei Composites Co LT-Debt-to-Total-Asset Calculation

Weihai Guangwei Composites 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 )
	=	123.685	/	7057.586
	=	0.02

Weihai Guangwei Composites 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 )
	=	360.518	/	7088.042
	=	0.05

Weihai Guangwei Composites Co (SZSE:300699) 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.

Weihai Guangwei Composites Co LT-Debt-to-Total-Asset Related Terms

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Weihai Guangwei Composites Co (SZSE:300699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Weihai Guangwei Composites Co Ltd (SZSE:300699) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Tianjin High Road - 130, Hi-Tech District, Shandong Province, Weihai, CHN, 264202

Website

http://www.gwcfc.com

Weihai Guangwei Composites Co Ltd is engaged in research, development, and production of advanced composites. It offers carbon, reinforced fiber fabric, prepregs and composite products. It is also engaged in equipment manufacturing. The company's composites and products are widely applied in various industries which include wind power, shipbuilding, sports industry, transportation industry, medical apparatus and instrument, textile machinery, industrial machinery, musical equipment, photographic equipment and the building.

Executives

Lin Feng Sen	Executives
Zhang Yue Yi	Directors, executives
Wang Zhuang Zhi	Executives
Gao Zhang Xing	Executives
Lu Zhao Jun	Director
Wang Wen Yi	Directors, executives
Li Shu Xiang	Director
Tan Xian Cai	Independent director

Weihai Guangwei Composites Co (SZSE:300699) Headlines

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