Gloria Technology LLC (BJSE:831641) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Gloria Technology LLC 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. Gloria Technology LLC's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Gloria Technology LLC's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.03). It may suggest that Gloria Technology LLC is progressively becoming more dependent on debt to grow their business.

Gloria Technology LLC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gloria Technology LLC'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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Gloria Technology LLC LT-Debt-to-Total-Asset Chart

Gloria Technology LLC Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.01

Gloria Technology LLC Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.01	0.01	0.01	0.03

Gloria Technology LLC LT-Debt-to-Total-Asset Calculation

Gloria Technology LLC'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 )
	=	4.416	/	623.254
	=	0.01

Gloria Technology LLC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	19.006	/	642.397
	=	0.03

Gloria Technology LLC (BJSE:831641) 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.

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Gloria Technology LLC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gloria Technology LLC (BJSE:831641) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 30 Kunlun Road, High-tech Industrial Development Zone, Greer Digital Technology Industrial Park, Jiangsu Province, Xuzhou City, CHN, 221116

Website

http://www.gloriatechnology.com

Gloria Technology LLC engages in research and development, production, and sales of lighting products and magnetic devices. Its products comprise intelligent control systems, sensors, various electronic transformers, switching power supplies, a full range of electronic ballasts, inverters, indoor and outdoor lighting fixtures, explosion-proof lamps, photovoltaic power generation equipment, communication system equipment.

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