New Sea Union Technology Group Co (SZSE:002089) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2023)

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What is New Sea Union Technology Group 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. New Sea Union Technology Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.11.

New Sea Union Technology Group Co's long-term debt to total assets ratio increased from Sep. 2022 (0.09) to Sep. 2023 (0.11). It may suggest that New Sea Union Technology Group Co is progressively becoming more dependent on debt to grow their business.

New Sea Union Technology Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for New Sea Union Technology Group 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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New Sea Union Technology Group Co LT-Debt-to-Total-Asset Chart

New Sea Union Technology Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.19

0.09

0.11

New Sea Union Technology Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.11	0.10	0.11	0.11

New Sea Union Technology Group Co LT-Debt-to-Total-Asset Calculation

New Sea Union Technology Group Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	189.5	/	1809.694
	=	0.10

New Sea Union Technology Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	184.5	/	1762.081
	=	0.10

New Sea Union Technology Group Co (SZSE:002089) 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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New Sea Union Technology Group Co (SZSE:002089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » New Sea Union Technology Group Co Ltd (SZSE:002089) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 168 Jingmao Road, Suzhou Industrial Park, Suzhou, CHN, 215021

Website

http://www.nsu.com.cn

New Sea Union Technology Group Co Ltd is mainly engaged in the development and sale of communications network equipment in China. The company offers 4G Communication Products, FTTx Telecommunication Series and Software and Services among others.

Executives

Ma Ling Zhi	Director
Ye Jian Biao	Directors, executives
Zhang Yi Bin	Directors, executives
Ma Chong Lei	Director
Xu Lei	Directors, Directors, and Executives
Lan Hong Bing	Director
Mao Zhen Fu	Director
Ma Chong Ji	Director
Zhang Xiao Gang	Supervisors
Li Liang Yu	Securities Affairs Representative
Chen Gui Fen	Supervisors
Ying Xiao Ming	Supervisors
Ge Feng	Director
Xu Sheng Bo	Directors, executives
Qian Ye Yin	Executives

New Sea Union Technology Group Co (SZSE:002089) Headlines

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