AACAY (AAC Technologies Holdings) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2024)

View and export this data going back to 2008. Start your Free Trial

What is AAC Technologies Holdings 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. AAC Technologies Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.17.

AAC Technologies Holdings's long-term debt to total assets ratio declined from Jun. 2023 (0.21) to Jun. 2024 (0.17). It may suggest that AAC Technologies Holdings is progressively becoming less dependent on debt to grow their business.

AAC Technologies Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for AAC Technologies Holdings'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.

* Premium members only.

AAC Technologies Holdings LT-Debt-to-Total-Asset Chart

AAC Technologies Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.20

0.14

0.18

0.21

0.15

AAC Technologies Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.21	0.21	0.15	0.17

AAC Technologies Holdings LT-Debt-to-Total-Asset Calculation

AAC Technologies Holdings'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 )
	=	807.961	/	5449.537
	=	0.15

AAC Technologies Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	1041.784	/	6075.027
	=	0.17

AAC Technologies Holdings (OTCPK:AACAY) 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.

AAC Technologies Holdings LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of AAC Technologies Holdings's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

AAC Technologies Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AAC Technologies Holdings Inc (OTCPK:AACAY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AACAF:USA 02018:Hong Kong A2XN:Germany

Address

38 Gloucester Road, Unit 1605-7, China Evergrande Centre, Wanchai, Hong Kong, HKG

Website

https://www.aactechnologies.com

AAC Technologies is one of the world's largest manufacturers of miniature acoustic components, such as speakers and receivers, primarily for smartphones, which account for under half of its revenue. Founded in 1993, the company has since expanded into the production of other handset components, such as electromagnetic drives (haptics), precision mechanical (metal casing), lenses and camera modules, and MEMS microphones. AAC is headquartered in Shenzhen, China, and runs factories in China, Vietnam, Czechia, and Malaysia. It employed 36,833 people as at June 30, 2024.