Shanghai Feilo Acoustics Co (SHSE:600651) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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What is Shanghai Feilo Acoustics 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 Feilo Acoustics Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.16.

Shanghai Feilo Acoustics Co's long-term debt to total assets ratio declined from Mar. 2023 (0.21) to Mar. 2024 (0.16). It may suggest that Shanghai Feilo Acoustics Co is progressively becoming less dependent on debt to grow their business.

Shanghai Feilo Acoustics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Feilo Acoustics 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 Feilo Acoustics Co LT-Debt-to-Total-Asset Chart

Shanghai Feilo Acoustics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.29

0.06

0.23

0.15

Shanghai Feilo Acoustics Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.22	0.15	0.15	0.16

Shanghai Feilo Acoustics Co LT-Debt-to-Total-Asset Calculation

Shanghai Feilo Acoustics 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 )
	=	648.087	/	4317.957
	=	0.15

Shanghai Feilo Acoustics 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 )
	=	650.138	/	4187.384
	=	0.16

Shanghai Feilo Acoustics Co (SHSE:600651) 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 Feilo Acoustics Co (SHSE:600651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Shanghai Feilo Acoustics Co Ltd (SHSE:600651) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1001 Jiaxin Road, Building 7, Jiading District, Shanghai, CHN, 200233

Website

https://www.facs.com.cn

Shanghai Feilo Acoustics Co Ltd is a multinational lighting company. It offers landscape lighting, road lighting, automotive lighting, indoor lighting, and other commercial lighting products under the Ya and Sylvania brands.

Executives

Zhang Lin	Supervisors
Jin Yan Chun	Supervisors
Zhu Kai Yang	senior management
Chen Guo Liang	Director
Yang Mei Di	Supervisors

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