Chengdu Sino Microelectronics Tech Co (SHSE:688709) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Chengdu Sino Microelectronics Tech 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. Chengdu Sino Microelectronics Tech Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Chengdu Sino Microelectronics Tech Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.08). It may suggest that Chengdu Sino Microelectronics Tech Co is progressively becoming more dependent on debt to grow their business.

Chengdu Sino Microelectronics Tech Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chengdu Sino Microelectronics Tech 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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Chengdu Sino Microelectronics Tech Co LT-Debt-to-Total-Asset Chart

Chengdu Sino Microelectronics Tech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.01

0.07

0.16

0.10

Chengdu Sino Microelectronics Tech Co Quarterly Data
	Dec18	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								-	0.13	0.12	0.10	0.08

Chengdu Sino Microelectronics Tech Co LT-Debt-to-Total-Asset Calculation

Chengdu Sino Microelectronics Tech 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 )
	=	216.913	/	2274.218
	=	0.10

Chengdu Sino Microelectronics Tech 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 )
	=	294.742	/	3792.482
	=	0.08

Chengdu Sino Microelectronics Tech Co (SHSE:688709) 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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Chengdu Sino Microelectronics Tech Co (SHSE:688709) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu Sino Microelectronics Tech Co Ltd (SHSE:688709) » Definitions » LT-Debt-to-Total-Asset

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Chengdu Sino Microelectronics Tech Co Ltd is engaged in research and development, design, testing and sales of special integrated circuits.

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