BYD Electronic (International) Co (HKSE:00285) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2024)

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What is BYD Electronic (International) 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. BYD Electronic (International) Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.02.

BYD Electronic (International) Co's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.02). It may suggest that BYD Electronic (International) Co is progressively becoming more dependent on debt to grow their business.

BYD Electronic (International) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for BYD Electronic (International) 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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BYD Electronic (International) Co LT-Debt-to-Total-Asset Chart

BYD Electronic (International) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

BYD Electronic (International) Co Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.02	-	0.02	-

BYD Electronic (International) Co LT-Debt-to-Total-Asset Calculation

BYD Electronic (International) 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 )
	=	1519.287	/	95397.885
	=	0.02

BYD Electronic (International) Co'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 )
	=	1508.375	/	92442.739
	=	0.02

BYD Electronic (International) Co (HKSE:00285) 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.

BYD Electronic (International) Co LT-Debt-to-Total-Asset Related Terms

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BYD Electronic (International) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BYD Electronic (International) Co Ltd (HKSE:00285) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BYDIY:USA BYDIF:USA 4BY:Germany

Address

No. 1 Bibao Second Road, Baolong Street, Longgang District, Shenzhen, CHN, 518116

Website

http://www.electronics.byd.com

BYD Electronic (International) Co Ltd is a diversified components supplier and assembler. Spun out from its parent company BYD Company in 2007, BYDE is known for assembling iPads and is a supplier of metal and plastic components to consumer electronic devices such as tablets, laptops, and smartphones. The next leg of growth also comes from hardware used in electric vehicles and Internet of Things devices such as drones, residential energy storage, and smart home devices. BYDE's headquarters are in Shenzhen, China, and it employed around 150,300 people as of Dec. 31, 2023.

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