Shenzhen Sunrise New Energy Co (SZSE:002256) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Shenzhen Sunrise New Energy 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. Shenzhen Sunrise New Energy Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Shenzhen Sunrise New Energy Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.02). It may suggest that Shenzhen Sunrise New Energy Co is progressively becoming more dependent on debt to grow their business.

Shenzhen Sunrise New Energy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Sunrise New Energy 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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Shenzhen Sunrise New Energy Co LT-Debt-to-Total-Asset Chart

Shenzhen Sunrise New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.02

0.03

0.02

Shenzhen Sunrise New Energy Co Quarterly Data
	Jun19	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															0.02	0.02	0.01	0.02	0.02

Shenzhen Sunrise New Energy Co LT-Debt-to-Total-Asset Calculation

Shenzhen Sunrise New Energy 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 )
	=	27.324	/	1819.557
	=	0.02

Shenzhen Sunrise New Energy 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 )
	=	28.609	/	1844.522
	=	0.02

Shenzhen Sunrise New Energy Co (SZSE:002256) 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.

Shenzhen Sunrise New Energy Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Sunrise New Energy Co (SZSE:002256) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Sunrise New Energy Co Ltd (SZSE:002256) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

6th Floor, 11th Building, Kejizhong 2nd Road, Shenzhen Software Park Phase II, Hi-tech Industrial Park, Nanshan District, ShenZhen, CHN, 518057

Website

http://www.7cf.com

Shenzhen Sunrise New Energy Co Ltd operates in the chemical raw materials and chemical manufacturing. The business of the company includes environmental protection coating, green household products, and environment car care products. The products of the company include spray paint, spray lubricants, motor engine care, car wax, car cleaner, complete car care, household care, industrial care, and wall paint.

Executives

Guo Jian	Directors, executives
Liu Gong Zhi	Directors, Directors, and Executives
Huang Bing Tao	Director
Li Hua Chun	Director
Zhang Xiao Hu	Executives
She Xiao Lin	Supervisors
Cai Ji Zhong	Directors, executives
Lin Ye	Supervisors
Di Jian Feng	Director
Chen Xiao Jiang	Supervisors
Chen Yong Di	Directors, executives
Tang Wei Dong	Directors, executives
Wang Yun	Securities Affairs Representative
Liu Shu Jin	Independent director
Yang Hui	Director

Shenzhen Sunrise New Energy Co (SZSE:002256) Headlines

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