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Yangtze Optical Fibre and Cable Joint Stock Co (HKSE:06869) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)


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What is Yangtze Optical Fibre and Cable Joint Stock 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. Yangtze Optical Fibre and Cable Joint Stock Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

Yangtze Optical Fibre and Cable Joint Stock Co's long-term debt to total assets ratio increased from Sep. 2023 (0.16) to Sep. 2024 (0.18). It may suggest that Yangtze Optical Fibre and Cable Joint Stock Co is progressively becoming more dependent on debt to grow their business.

Yangtze Optical Fibre and Cable Joint Stock Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Yangtze Optical Fibre and Cable Joint Stock 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.

* Premium members only.

Yangtze Optical Fibre and Cable Joint Stock Co LT-Debt-to-Total-Asset Chart

Yangtze Optical Fibre and Cable Joint Stock Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.09 0.14 0.17 0.15

Yangtze Optical Fibre and Cable Joint Stock Co Quarterly Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 0.20 0.20 0.18 0.15

Yangtze Optical Fibre and Cable Joint Stock Co LT-Debt-to-Total-Asset Calculation

Yangtze Optical Fibre and Cable Joint Stock Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )/Total Assets (A: Dec. 2024 )
=5230.857/33873.733
=0.15

Yangtze Optical Fibre and Cable Joint Stock 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 )
=6070.545/33719.004
=0.18

* 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.

Yangtze Optical Fibre and Cable Joint Stock Co  (HKSE:06869) 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.

Yangtze Optical Fibre and Cable Joint Stock Co LT-Debt-to-Total-Asset Related Terms

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Yangtze Optical Fibre and Cable Joint Stock Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yangtze Optical Fibre and Cable Joint Stock Ltd Co (HKSE:06869) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
HKSE:00303 HKSE:01523 HKSE:02342 HKSE:02000 HKSE:01085 HKSE:01300 HKSE:08227 HKSE:01202 HKSE:01708 HKSE:01473 CSCO MSI SHSE:601138 OHEL:NOKIA OSTO:ERIC B SZSE:000063 HPE UI SZSE:300308 ZBRA
Traded in Other Exchanges
1YO:Germany 601869:China
Address
No. 9 Guanggu Avenue, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430073
Website
https://www.yofc.com
Yangtze Optical Fibre and Cable Joint Stock Ltd Co is engaged in the Chinese communication equipment industry. It manufactures and sells optical fiber preforms, optical fibers with various standard specifications that are widely used in the telecommunications industry. It operates its business through three operating segments, optical fibers and optical fiber preforms; and Optical components and modules, optical fiber cables. The manufacture and sale of optical fiber cables provide the company with majority of its revenue. Its other products comprise of trunk cables, patch cords, plug-and-play modules, optical distribution frames, pigtails, adapter panels, splitters, and connecting cabinets.
Executives
Jpmorgan Chase & Co. 2201 Interest of corporation controlled by you

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