Suzhou Novosense Microelectronics Co (SHSE:688052) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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

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

Suzhou Novosense Microelectronics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suzhou Novosense Microelectronics 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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Suzhou Novosense Microelectronics Co LT-Debt-to-Total-Asset Chart

Suzhou Novosense Microelectronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.01

0.05

Suzhou Novosense Microelectronics Co Quarterly Data
	Dec18	Dec19	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												-	-	-	0.05	0.05

Suzhou Novosense Microelectronics Co LT-Debt-to-Total-Asset Calculation

Suzhou Novosense Microelectronics 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 )
	=	336.541	/	7156.314
	=	0.05

Suzhou Novosense Microelectronics 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 )
	=	337.209	/	7024.115
	=	0.05

Suzhou Novosense Microelectronics Co (SHSE:688052) 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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Suzhou Novosense Microelectronics Co (SHSE:688052) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Suzhou Novosense Microelectronics Co Ltd (SHSE:688052) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

No. 88, Jinji Lake Avenue, C1-501, Artificial Intelligence Industrial Park, Industrial Park, Jiangsu Province, Suzhou, CHN, 215000

Website

https://www.novosns.com

Suzhou Novosense Microelectronics Co Ltd is focused on the research and development and sales of high-performance, high-reliability analog integrated circuits.

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