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CCTG (CCSC Technology International Holdings) Liabilities-to-Assets : 0.31 (As of Mar. 2024)


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What is CCSC Technology International Holdings Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. CCSC Technology International Holdings's Total Liabilities for the quarter that ended in Mar. 2024 was $5.64 Mil. CCSC Technology International Holdings's Total Assets for the quarter that ended in Mar. 2024 was $17.94 Mil. Therefore, CCSC Technology International Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.31.

CCSC Technology International Holdings Liabilities-to-Assets Historical Data

The historical data trend for CCSC Technology International Holdings's Liabilities-to-Assets 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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CCSC Technology International Holdings Liabilities-to-Assets Chart

CCSC Technology International Holdings Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Liabilities-to-Assets
0.51 0.42 0.37 0.31

CCSC Technology International Holdings Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Liabilities-to-Assets Get a 7-Day Free Trial 0.42 0.41 0.37 0.35 0.31

Competitive Comparison of CCSC Technology International Holdings's Liabilities-to-Assets

For the Electrical Equipment & Parts subindustry, CCSC Technology International Holdings's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.

CCSC Technology International Holdings's Liabilities-to-Assets Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CCSC Technology International Holdings's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where CCSC Technology International Holdings's Liabilities-to-Assets falls into.


CCSC Technology International Holdings Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

CCSC Technology International Holdings's Liabilities-to-Assets Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Liabilities-to-Assets (A: Mar. 2024 )=Total Liabilities/Total Assets
=5.64/17.938
=0.31

CCSC Technology International Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as

Liabilities-to-Assets (Q: Mar. 2024 )=Total Liabilities/Total Assets
=5.64/17.938
=0.31

* 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.

CCSC Technology International Holdings  (NAS:CCTG) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

CCSC Technology International Holdings Liabilities-to-Assets Related Terms

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CCSC Technology International Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CCSC Technology International Holdings Ltd (NAS:CCTG) » Definitions » Liabilities-to-Assets
Comparable Companies
Traded in Other Exchanges
N/A
Address
18-24 Shan Mei Street, 1301-03, 13th Floor, Shatin Galleria, Fotan, Shatin, Hong Kong, HKG
Website
https://www.ccsc-interconnect.com
CCSC Technology International Holdings Ltd along with its subsidiaries is involved in the sale, design, and manufacturing of interconnect products, including connectors, cables, and wire harnesses. Its products include customized interconnect products, including connectors, cables, and harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. Geographically, the company generates maximum revenue from the sale of its products in Europe and the rest from the Americas and Asia.