Wenyi Trinity Technology Co (SHSE:600520) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Wenyi Trinity Technology 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. Wenyi Trinity Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Wenyi Trinity Technology Co's long-term debt to total assets ratio declined from Sep. 2023 (0.02) to Sep. 2024 (0.01). It may suggest that Wenyi Trinity Technology Co is progressively becoming less dependent on debt to grow their business.

Wenyi Trinity Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wenyi Trinity Technology 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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Wenyi Trinity Technology Co LT-Debt-to-Total-Asset Chart

Wenyi Trinity Technology Co Annual Data

Trend

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LT-Debt-to-Total-Asset

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Wenyi Trinity Technology 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															0.02	-	-	0.01	0.01

Wenyi Trinity Technology Co LT-Debt-to-Total-Asset Calculation

Wenyi Trinity Technology 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 )
	=	0.381	/	598.65
	=	0.00

Wenyi Trinity Technology 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 )
	=	5.493	/	563.963
	=	0.01

Wenyi Trinity Technology Co (SHSE:600520) 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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Wenyi Trinity Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wenyi Trinity Technology Co Ltd (SHSE:600520) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Shicheng Road, Electronic Industrial Zone, Anhui Province, Tongling, CHN, 244000

Website

http://www.chinatrinity.com

Wenyi Trinity Technology Co Ltd is a Chinese company. Its main business is semiconductor packaging products that include semiconductor plastic packaging molds and equipment; precision parts and components products that include belt conveyor roller bearing housings, seals and auto parts; extrusion molds and equipment plates products that include extrusion dies, extruders and auxiliary machines; LED slabs products include LED brackets, and points Glue machine.

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