Shenzhen Jufei Optoelectronics Co (SZSE:300303) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Shenzhen Jufei Optoelectronics 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 Jufei Optoelectronics Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Shenzhen Jufei Optoelectronics Co's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.07). It may suggest that Shenzhen Jufei Optoelectronics Co is progressively becoming less dependent on debt to grow their business.

Shenzhen Jufei Optoelectronics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Jufei Optoelectronics 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 Jufei Optoelectronics Co LT-Debt-to-Total-Asset Chart

Shenzhen Jufei Optoelectronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.07

0.08

0.07

Shenzhen Jufei Optoelectronics 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															0.08	0.08	0.08	0.07	0.07

Shenzhen Jufei Optoelectronics Co LT-Debt-to-Total-Asset Calculation

Shenzhen Jufei Optoelectronics 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 )
	=	394.939	/	5333.392
	=	0.07

Shenzhen Jufei Optoelectronics 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 )
	=	401.067	/	5497.852
	=	0.07

Shenzhen Jufei Optoelectronics Co (SZSE:300303) 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 Jufei Optoelectronics Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Jufei Optoelectronics Co (SZSE:300303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Jufei Optoelectronics Co Ltd (SZSE:300303) » Definitions » LT-Debt-to-Total-Asset

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Address

65, Chuangyi Street, Dalang, Baoan District, Shenzhen, CHN, 518109

Website

http://www.jfled.com

Shenzhen Jufei Optoelectronics Co Ltd specializes in research and development, manufacturing and marketing of surface-mount device light-emitting diode module (SMD LED) devices. The main products are backlight LED devices, lighting LED devices, small pitch display LED and automotive LED. The company's products are widely used in fields of mobile communications, liquid crystal display, screen displays and automotive electronics.

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