Leoch International Technology (HKSE:00842) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is Leoch International 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. Leoch International Technology's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

Leoch International Technology's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.08). It may suggest that Leoch International Technology is progressively becoming more dependent on debt to grow their business.

Leoch International Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Leoch International 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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Leoch International Technology LT-Debt-to-Total-Asset Chart

Leoch International Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.04

0.01

0.08

Leoch International Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.01	0.01	0.03	0.08

Leoch International Technology LT-Debt-to-Total-Asset Calculation

Leoch International 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 )
	=	1148.675	/	15417.08
	=	0.07

Leoch International Technology's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1148.675	/	15417.08
	=	0.07

Leoch International Technology (HKSE:00842) 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.

Leoch International Technology LT-Debt-to-Total-Asset Related Terms

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Leoch International Technology (HKSE:00842) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Leoch International Technology Ltd (HKSE:00842) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

0LT:Germany

Address

No. 83, Zhanjing Road, Zhonggang Plaza, Exhibition Bay, 14th Floor, Block A, Tower 6, Fuyong Airport New City South, Baoan District, Shenzhen, CHN

Website

https://www.leoch.com

Leoch International Technology Ltd is a vertically integrated enterprise. It is engaged in the development, sale, and manufacture of lead-acid batteries, recycled lead products, and others. Its product portfolio under lead-acid batteries consists of reserve power batteries, SLI batteries, motive power batteries, and others. The lead-acid-based reserve power batteries generate a vast majority of revenue for the company. Geographically, the company offers its services to China, Europe, the Middle East and Africa, the Americas, and Asia-Pacific, out of which China is the key revenue driver.

Executives

Rays Capital Partners Limited	2102 Investment manager
Ruan David Ching Chi	2201 Interest of corporation controlled by you
Asian Equity Special Opportunities Portfolio Master Fund Limited	2101 Beneficial owner
Dong Li	2201 Interest of corporation controlled by you
Master Alliance Investment Limited	2201 Interest of corporation controlled by you

Leoch International Technology (HKSE:00842) Headlines

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