First Tractor Company Limited

HKSE 0038.HK

First Tractor Company Limited Debt to Equity Ratio for the year ending December 31, 2023: 0.36

First Tractor Company Limited Debt to Equity Ratio is 0.36 for the year ending December 31, 2023, a 277.94% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.
  • First Tractor Company Limited Debt to Equity Ratio for the year ending December 31, 2022 was 0.09, a -15.78% change year over year.
  • First Tractor Company Limited Debt to Equity Ratio for the year ending December 31, 2021 was 0.11, a -61.40% change year over year.
  • First Tractor Company Limited Debt to Equity Ratio for the year ending December 31, 2020 was 0.29, a -46.32% change year over year.
  • First Tractor Company Limited Debt to Equity Ratio for the year ending December 31, 2019 was 0.54, a -68.13% change year over year.
Key data
Date Debt to Equity Ratio Debt to Income Ratio Debt to Tangible Net Worth Ratio Dividend Coverage Ratio
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SV Wall Street
HKSE: 0038.HK

First Tractor Company Limited

CEO Mr. Tao Wei
IPO Date June 23, 1997
Location China
Headquarters No. 154 Jianshe Road
Employees 6,891
Sector Industrials
Industries
Description

First Tractor Company Limited engages in the research and development, manufacture, and sale of agricultural and power machinery, and related spare parts worldwide. The company operates through three divisions: Agricultural Machinery, Power Machinery, and Finance. It offers wheeled and crawler tractors, and its components, such as castings, forgings gears, gear boxes, and covers; and off-road diesel engines, as well as accessory parts, including fuel injection pumps and fuel injectors. The company also engages in the fund settlement; provision of financial services; and processing and sale of rough and semi-finished, and finished products of castings and forging products. In addition, it provides loans, finance lease, bill acceptance and discounting, entrusting loans, and investments to member companies, as well as equity and portfolio investment in financial institutions as approved; and consumer credit service, buyer's credit, and finance lease for products of member companies and inter-bank borrowing and lending. The company was formerly known as First Tractor Works of China. First Tractor Company Limited was founded in 1955 and is based in Luoyang, China.

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StockViz Staff

January 31, 2025

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