Delton Technology (Guangzhou) (SZSE:001389) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Delton Technology (Guangzhou) 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. Delton Technology (Guangzhou)'s long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Delton Technology (Guangzhou)'s long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.06). It may suggest that Delton Technology (Guangzhou) is progressively becoming more dependent on debt to grow their business.

Delton Technology (Guangzhou) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Delton Technology (Guangzhou)'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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Delton Technology (Guangzhou) LT-Debt-to-Total-Asset Chart

Delton Technology (Guangzhou) Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.03

0.06

Delton Technology (Guangzhou) Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										-	0.04	-	0.06	0.06

Delton Technology (Guangzhou) LT-Debt-to-Total-Asset Calculation

Delton Technology (Guangzhou)'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 )
	=	222.478	/	3812.432
	=	0.06

Delton Technology (Guangzhou)'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 )
	=	285.325	/	4493.495
	=	0.06

Delton Technology (Guangzhou) (SZSE:001389) 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.

Delton Technology (Guangzhou) LT-Debt-to-Total-Asset Related Terms

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Delton Technology (Guangzhou) (SZSE:001389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Delton Technology (Guangzhou) Inc (SZSE:001389) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22 Baoying South Road, Guangzhou Free Trade Zone, Guangdong Province, Guangzhou, CHN, 510730

Website

http://www.delton.com.cn

Delton Technology (Guangzhou) Inc is engaged in research & development, production and sales of printed circuit boards. Its products are mainly used in data center, cloud computing, industrial Internet, artificial intelligence, 5G communication, automotive electronics, security and printing and other terminal fields.

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