Nanjingmple Technology Co (HKSE:01708) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Nanjingmple Technology 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. Nanjingmple Technology Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Nanjingmple Technology Co's long-term debt to total assets ratio declined from Dec. 2022 (0.03) to Dec. 2023 (0.03). It may suggest that Nanjingmple Technology Co is progressively becoming less dependent on debt to grow their business.

Nanjingmple Technology Co LT-Debt-to-Total-Asset Historical Data

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

Nanjingmple Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.05

0.03

Nanjingmple Technology Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.03	0.03

Nanjingmple Technology Co LT-Debt-to-Total-Asset Calculation

Nanjingmple Technology 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 )
	=	85.588	/	3144.016
	=	0.03

Nanjingmple Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	85.588	/	3144.016
	=	0.03

Nanjingmple Technology Co (HKSE:01708) 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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Nanjingmple Technology Co (HKSE:01708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nanjing Sample Technology Co Ltd (HKSE:01708) » Definitions » LT-Debt-to-Total-Asset

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N/A

Address

No. 10 Maqun Avenue, Jiangsu Province, Qixia District, Nanjing, CHN

Website

http://www.samples.com.cn

Nanjing Sample Technology Co Ltd is principally engaged in the provision of visual identification and radio frequency identification device technologies-based full solutions to intelligent transportation, customs logistics, health safety, and other application areas. Its business activities are System integration, Intelligent terminal sales and Service business. Its operations are situated in the PRC.

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