Shanghai Fudan Microelectronics Group Co (HKSE:01385) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Shanghai Fudan Microelectronics Group 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. Shanghai Fudan Microelectronics Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Shanghai Fudan Microelectronics Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.06). It may suggest that Shanghai Fudan Microelectronics Group Co is progressively becoming more dependent on debt to grow their business.

Shanghai Fudan Microelectronics Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Fudan Microelectronics Group 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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Shanghai Fudan Microelectronics Group Co LT-Debt-to-Total-Asset Chart

Shanghai Fudan Microelectronics Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.01

0.07

Shanghai Fudan Microelectronics Group Co Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.06	0.08	0.07	0.06

Shanghai Fudan Microelectronics Group Co LT-Debt-to-Total-Asset Calculation

Shanghai Fudan Microelectronics Group 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 )
	=	603.519	/	9200.158
	=	0.07

Shanghai Fudan Microelectronics Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	522.285	/	9229.146
	=	0.06

Shanghai Fudan Microelectronics Group Co (HKSE:01385) 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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Shanghai Fudan Microelectronics Group Co (HKSE:01385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shanghai Fudan Microelectronics Group Co Ltd (HKSE:01385) » Definitions » LT-Debt-to-Total-Asset

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SFDMY:USA FUD:Germany 688385:China

Address

98 Granville Road, Flat 6, 5th Floor, East Ocean Centre, Tsimshatsui East, Kowloon, Hong Kong, HKG

Website

http://www.fmsh.com

Shanghai Fudan Microelectronics Group Company Limited is principally engaged in the integrated circuit (IC) related businesses. The Company operates through two business segments: the design, development and sales of IC products segment and the provision of testing services for IC products segment. The Company is also engaged in the production of probe cards, the development and sales of hardware and software of computers, electronic products and communication equipment and the provision of investment management and consultancy services, research and consultancy services of IC technology and research and consultancy services of computer and network technology through its subsidiaries.

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