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Shenzhen Minew Technologies Co (BJSE:872374) Debt-to-Asset : 0.03 (As of Sep. 2024)


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What is Shenzhen Minew Technologies Co Debt-to-Asset?

Shenzhen Minew Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥5.1 Mil. Shenzhen Minew Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥4.7 Mil. Shenzhen Minew Technologies Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was ¥308.4 Mil. Shenzhen Minew Technologies Co's debt to asset for the quarter that ended in Sep. 2024 was 0.03.


Shenzhen Minew Technologies Co Debt-to-Asset Historical Data

The historical data trend for Shenzhen Minew Technologies Co's Debt-to-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.

* Premium members only.

Shenzhen Minew Technologies Co Debt-to-Asset Chart

Shenzhen Minew Technologies Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only - 0.10 0.09 0.03 0.04

Shenzhen Minew Technologies Co Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-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 0.03 0.04 0.04 0.04 0.03

Competitive Comparison of Shenzhen Minew Technologies Co's Debt-to-Asset

For the Electronic Components subindustry, Shenzhen Minew Technologies Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shenzhen Minew Technologies Co's Debt-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Minew Technologies Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Shenzhen Minew Technologies Co's Debt-to-Asset falls into.



Shenzhen Minew Technologies Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Shenzhen Minew Technologies Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(5.674 + 6.372) / 310.648
=0.04

Shenzhen Minew Technologies Co's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(5.088 + 4.675) / 308.371
=0.03

* 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.


Shenzhen Minew Technologies Co  (BJSE:872374) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


Shenzhen Minew Technologies Co Debt-to-Asset Related Terms

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Shenzhen Minew Technologies Co Business Description

Traded in Other Exchanges
N/A
Address
Heping East Road, Longhua Street, 3rd Floor, Building I, Gangzhilong Science and Technology Park, Longhua District, Guangdong Province, Shenzhen City, CHN, 518109
Shenzhen Minew Technologies Co Ltd engages in research, development, production, and sales of intelligent hardware products such as Bluetooth sensors, IoT modules, and IoT gateways, as well as electronic label products equipped with IoT cloud platform systems.

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