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Shanghai Guao Electronic Technology Co (SZSE:300551) Liabilities-to-Assets : 0.32 (As of Jun. 2024)


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What is Shanghai Guao Electronic Technology Co 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. Shanghai Guao Electronic Technology Co's Total Liabilities for the quarter that ended in Jun. 2024 was ¥395.5 Mil. Shanghai Guao Electronic Technology Co's Total Assets for the quarter that ended in Jun. 2024 was ¥1,254.3 Mil. Therefore, Shanghai Guao Electronic Technology Co's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2024 was 0.32.


Shanghai Guao Electronic Technology Co Liabilities-to-Assets Historical Data

The historical data trend for Shanghai Guao Electronic Technology Co'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.

* Premium members only.

Shanghai Guao Electronic Technology Co Liabilities-to-Assets Chart

Shanghai Guao Electronic Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.25 0.39 0.32 0.35

Shanghai Guao Electronic Technology Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Liabilities-to-Assets 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 0.32 0.42 0.35 0.32 0.32

Competitive Comparison of Shanghai Guao Electronic Technology Co's Liabilities-to-Assets

For the Business Equipment & Supplies subindustry, Shanghai Guao Electronic Technology Co'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.


Shanghai Guao Electronic Technology Co's Liabilities-to-Assets Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Guao Electronic Technology Co's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Shanghai Guao Electronic Technology Co's Liabilities-to-Assets falls into.



Shanghai Guao Electronic Technology Co 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.

Shanghai Guao Electronic Technology Co's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=536.722/1527.358
=0.35

Shanghai Guao Electronic Technology Co's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2024 is calculated as

Liabilities-to-Assets (Q: Jun. 2024 )=Total Liabilities/Total Assets
=395.493/1254.312
=0.32

* 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.


Shanghai Guao Electronic Technology Co  (SZSE:300551) 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.


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Shanghai Guao Electronic Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No.6, Alley 1225 TongPu Road, PuTuo District, Shanghai, CHN, 200333
Shanghai Guao Electronic Technology Co Ltd is a high-tech enterprise specializing in research and development, production, sales and service of financial equipment in China. Its products portfolio includes banknote (coin) sorting machine, the banknote clearing line, the RMB point detector, the multi-country currency point detector, the banknote clearing and laminating machine, the banknote machine, the multi-country currency identification instrument, and the clearing machine.
Executives
Hou Yao Qi Director
Chen Chong Jun Director
Li Rui Ming Executives
Zhang Xiang Yu Directors, executives
Jiang Xiao Dan Directors, executives
Liu Peng Securities Affairs Representative

Shanghai Guao Electronic Technology Co Headlines

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