Kunshan Supermix Printing Technology Co (BJSE:872392) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Kunshan Supermix Printing Technology Co 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. Kunshan Supermix Printing Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Kunshan Supermix Printing Technology Co's long-term debt to total assets ratio declined from Sep. 2023 (0.05) to Sep. 2024 (0.02). It may suggest that Kunshan Supermix Printing Technology Co is progressively becoming less dependent on debt to grow their business.

Kunshan Supermix Printing Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kunshan Supermix Printing Technology Co'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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Kunshan Supermix Printing Technology Co LT-Debt-to-Total-Asset Chart

Kunshan Supermix Printing Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.04

0.03

Kunshan Supermix Printing Technology Co Quarterly Data
	Jun19	Dec19	Mar20	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															0.05	0.03	0.03	0.02	0.02

Kunshan Supermix Printing Technology Co LT-Debt-to-Total-Asset Calculation

Kunshan Supermix Printing Technology Co'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 )
	=	14.924	/	452.078
	=	0.03

Kunshan Supermix Printing Technology Co'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 )
	=	14.979	/	699.961
	=	0.02

Kunshan Supermix Printing Technology Co (BJSE:872392) 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.

Kunshan Supermix Printing Technology Co LT-Debt-to-Total-Asset Related Terms

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Kunshan Supermix Printing Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Kunshan Supermix Printing Technology Co Ltd (BJSE:872392) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 228, Huanlou Road, Kunshan Development Zone, Jiangsu Province, Penglang Town, CHN, 215333

Website

http://www.supermix.com.cn

Kunshan Supermix Printing Technology Co Ltd engages in Research and development, design, production, and sales of paper packaging and display products. It mainly produces cartons, shopping bags, gift boxes, flexo paper box, color paper cards, color boxes, product display boxes, and product design packaging displays.

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