Phenix Optics Co (SHSE:600071) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Phenix Optics 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. Phenix Optics Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Phenix Optics Co's long-term debt to total assets ratio declined from Sep. 2023 (0.14) to Sep. 2024 (0.03). It may suggest that Phenix Optics Co is progressively becoming less dependent on debt to grow their business.

Phenix Optics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Phenix Optics 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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Phenix Optics Co LT-Debt-to-Total-Asset Chart

Phenix Optics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.01

0.13

Phenix Optics Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	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															0.14	0.13	0.16	0.16	0.03

Phenix Optics Co LT-Debt-to-Total-Asset Calculation

Phenix Optics 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 )
	=	255.345	/	1946.14
	=	0.13

Phenix Optics 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 )
	=	43.927	/	1708.426
	=	0.03

Phenix Optics Co (SHSE:600071) 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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Phenix Optics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Phenix Optics Co Ltd (SHSE:600071) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

197 West Avenue, Shangrao, Jiangxi, CHN, 334000

Website

http://www.phenixoptics.com.cn

Phenix Optics Co Ltd is engaged in the optical components processing business in China. Its principal business includes the manufacture and sales of optical lenses, optics, microscopes, metalworking, and other products. Its products are mainly used in the cameras, camera phones, projector monitoring equipment, vehicle-borne products, university education, and industrial fields. The company mainly distributes its products in domestic and overseas markets.

Executives

Tang Wen Ming	Director
Wang Xi Yan	Director
Mou Jian Xin	Director
Liu Lin Chun	Director
Ge Liang Hui	senior management
Ren Jie	Director

Phenix Optics Co Headlines

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