Qingdao Topscomm Communication (SHSE:603421) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Qingdao Topscomm Communication 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. Qingdao Topscomm Communication's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Qingdao Topscomm Communication's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.09). It may suggest that Qingdao Topscomm Communication is progressively becoming less dependent on debt to grow their business.

Qingdao Topscomm Communication LT-Debt-to-Total-Asset Historical Data

The historical data trend for Qingdao Topscomm Communication'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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Qingdao Topscomm Communication LT-Debt-to-Total-Asset Chart

Qingdao Topscomm Communication Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.07

0.10

Qingdao Topscomm Communication 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															0.10	0.14	0.14	0.10	0.09

Qingdao Topscomm Communication LT-Debt-to-Total-Asset Calculation

Qingdao Topscomm Communication'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 )
	=	571.291	/	5919.564
	=	0.10

Qingdao Topscomm Communication'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 )
	=	522.761	/	5561.1
	=	0.09

Qingdao Topscomm Communication (SHSE:603421) 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.

Qingdao Topscomm Communication LT-Debt-to-Total-Asset Related Terms

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Qingdao Topscomm Communication (SHSE:603421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Qingdao Topscomm Communication Inc (SHSE:603421) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 288 Ningxia Road, 5th Floor, No. 6 Building, Qingdao Software Park, Shinan District, Qingdao City, CHN, 266024

Website

http://www.topscomm.com

Qingdao Topscomm Communication Inc designs, researches and develops, manufactures, and sells smart products for electric power and fire protection in China. It also engages in the research and development of power line carrier communication chips and fieldbus communication chips. Its products include smart energy meters, such as smart prepayment and advanced metering infrastructure (AMI), power line carrier communication system; chips; terminal collecting device such as concentrator and state grid concentrator; and intelligent indoor terminal. It also provides AMI, prepayment vending, water/gas/heat and electricity meter AMR/AMI, distribution automation and management, and low and medium voltage PLC communication solutions.

Executives

Ge Jun	Directors, senior managers
Zhou Li Min	senior management
Fan Jian Hua	Directors, senior managers
Xu Rui	Supervisors
Bao Chun Xia	senior management
Xu Guang Yi	senior management

Qingdao Topscomm Communication (SHSE:603421) Headlines

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