Wuxi Yoshioka Precision Technology (BJSE:836720) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Wuxi Yoshioka Precision Technology 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. Wuxi Yoshioka Precision Technology's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Wuxi Yoshioka Precision Technology's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.01). It may suggest that Wuxi Yoshioka Precision Technology is progressively becoming less dependent on debt to grow their business.

Wuxi Yoshioka Precision Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wuxi Yoshioka Precision Technology'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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Wuxi Yoshioka Precision Technology LT-Debt-to-Total-Asset Chart

Wuxi Yoshioka Precision Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.01

Wuxi Yoshioka Precision Technology 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	0.01

Wuxi Yoshioka Precision Technology LT-Debt-to-Total-Asset Calculation

Wuxi Yoshioka Precision Technology'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 )
	=	3.561	/	620.746
	=	0.01

Wuxi Yoshioka Precision Technology'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 )
	=	4.613	/	821.43
	=	0.01

Wuxi Yoshioka Precision Technology (BJSE:836720) 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.

Wuxi Yoshioka Precision Technology LT-Debt-to-Total-Asset Related Terms

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Wuxi Yoshioka Precision Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Yoshioka Precision Technology Corp Ltd (BJSE:836720) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

No. 292, Furong Middle 2nd Road, Xishan Economic and Technological Development Zone, Jiangsu Province, Wuxi City, CHN, 214191

Website

http://www.ysoka.com

Wuxi Yoshioka Precision Technology Corp Ltd engages in research, development, production, and sales of aluminum alloy and zinc alloy precision parts. It engages in manufacturing zinc/aluminum alloy die casting, CNC machining, surface coating, and product assembly.

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