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Shanxi Changcheng Microlight Equipment Co (HKSE:08286) LT-Debt-to-Total-Asset : 0.34 (As of Dec. 2023)


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What is Shanxi Changcheng Microlight Equipment 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. Shanxi Changcheng Microlight Equipment Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.34.

Shanxi Changcheng Microlight Equipment Co's long-term debt to total assets ratio declined from Dec. 2022 (0.35) to Dec. 2023 (0.34). It may suggest that Shanxi Changcheng Microlight Equipment Co is progressively becoming less dependent on debt to grow their business.

Shanxi Changcheng Microlight Equipment Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanxi Changcheng Microlight Equipment 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.

* Premium members only.

Shanxi Changcheng Microlight Equipment Co LT-Debt-to-Total-Asset Chart

Shanxi Changcheng Microlight Equipment Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.05 - 0.35 0.34

Shanxi Changcheng Microlight Equipment Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.35 - 0.34 - 0.34

Shanxi Changcheng Microlight Equipment Co LT-Debt-to-Total-Asset Calculation

Shanxi Changcheng Microlight Equipment 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 )
=64.559/187.769
=0.34

Shanxi Changcheng Microlight Equipment 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 )
=64.559/187.769
=0.34

* 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.

Shanxi Changcheng Microlight Equipment Co  (HKSE:08286) 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.

Shanxi Changcheng Microlight Equipment Co LT-Debt-to-Total-Asset Related Terms

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Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanxi Changcheng Microlight Equipment Co Ltd (HKSE:08286) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
HKSE:08092 HKSE:08427 HKSE:08245 HKSE:00248 HKSE:09963 HKSE:01720 HKSE:01087 HKSE:08043 CSCO SHSE:601138 MSI HPE OHEL:NOKIA SZSE:000063 OSTO:ERIC B SHSE:688036 ZBRA JNPR SZSE:300394 SZSE:300502
Traded in Other Exchanges
N/A
Address
No. 7 Dianzi Street, Demonstration Zone, Shanxi Province, Taiyuan, CHN
Website
http://www.sxccoe.com
Shanxi Changcheng Microlight Equipment Co Ltd is a China-based company engaged in the design, research, development, manufacture, and sale of image transmission fiber optic products. Image transmission fiber optics products manufactured by the company are image transmission devices containing a rigidly bundle of optical fibers arranged in an ordered fashion so that images can be transmitted from one end of the optical fiber bundle and displayed on the other end of the bundle. The company produces five main products, including fiber optic inverters, fiber optic straight plates, fiber optic face plates, fiber optic tapers and microchannel plates.

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