Qingdao NovelBeam Technology Co (SHSE:688677) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Qingdao NovelBeam 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. Qingdao NovelBeam Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

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

Qingdao NovelBeam Technology Co LT-Debt-to-Total-Asset Historical Data

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

Qingdao NovelBeam Technology Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.05

0.02

Qingdao NovelBeam Technology Co Quarterly Data
	Dec18	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															-	-	-	-	-

Qingdao NovelBeam Technology Co LT-Debt-to-Total-Asset Calculation

Qingdao NovelBeam 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 )
	=	3.643	/	1394.843
	=	0.00

Qingdao NovelBeam Technology 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 )
	=	2.921	/	1398.284
	=	0.00

Qingdao NovelBeam Technology Co (SHSE:688677) 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 NovelBeam Technology Co LT-Debt-to-Total-Asset Related Terms

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Qingdao NovelBeam Technology Co (SHSE:688677) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Qingdao NovelBeam Technology Co Ltd (SHSE:688677) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 100, Weisi Road, Keyuan, Laoshan District, Shandong Province, Qingdao, CHN, 266100

Website

http://www.novelbeam.com

Qingdao NovelBeam Technology Co Ltd is engaged in the research and development, production and sales of medical endoscope equipment and optical products. The product portfolio of the group includes Endoscope, Camera coupler, Camera lens, Medical optics, Biometrics and others.

Executives

Wang Fang Hua	senior management
Mao Rong Zhuang	Core technical personnel
Zheng Jin Lan	Supervisors

Qingdao NovelBeam Technology Co (SHSE:688677) Headlines

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