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Zhuhai Bojay Electronics Co (SZSE:002975) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)


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What is Zhuhai Bojay Electronics 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. Zhuhai Bojay Electronics Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

Zhuhai Bojay Electronics Co's long-term debt to total assets ratio declined from Mar. 2023 (0.19) to Mar. 2024 (0.18). It may suggest that Zhuhai Bojay Electronics Co is progressively becoming less dependent on debt to grow their business.

Zhuhai Bojay Electronics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhuhai Bojay Electronics 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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Zhuhai Bojay Electronics Co LT-Debt-to-Total-Asset Chart

Zhuhai Bojay Electronics Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only - 0.01 0.18 0.18 0.19

Zhuhai Bojay Electronics 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.18 0.18 0.19 0.18

Zhuhai Bojay Electronics Co LT-Debt-to-Total-Asset Calculation

Zhuhai Bojay Electronics 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 )
=506.547/2729.05
=0.19

Zhuhai Bojay Electronics 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 )
=509.988/2830.721
=0.18

* 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.

Zhuhai Bojay Electronics Co  (SZSE:002975) 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.

Zhuhai Bojay Electronics Co LT-Debt-to-Total-Asset Related Terms

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Zhuhai Bojay Electronics Co (SZSE:002975) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhuhai Bojay Electronics Co Ltd (SZSE:002975) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SZSE:002757 SZSE:300441 SHSE:605305 SZSE:002452 SZSE:300962 SZSE:300091 SZSE:300503 SZSE:002689 SZSE:300430 SZSE:301369 GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
No. 10, Futian Road, Xiangzhou District, Zhuhai, CHN
Website
https://www.zhbojay.com
Zhuhai Bojay Electronics Co Ltd is engaged in research & development, production, sales and related technical services of industrial automation equipment and accessories, providing automated testing and automatic assembly solutions. Its products are used in factional testing and product assembly of electronic products in consuming electronics, automotive electronics, medical electronics and industrial electronics, helping customers realize semi-automation and full automation of production lines, improving production efficiency and product quality performance. The company's products include Automation Solution, RF Test Solution, Acoustic Test Solution, Electrical Test Solution, Optical Test Solution, and Vision test Solution.
Executives
Ceng Xian Zhi Directors, executives

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