Guangdong HEC Technology Holding Co (SHSE:600673) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Guangdong HEC Technology Holding 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. Guangdong HEC Technology Holding Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Guangdong HEC Technology Holding Co's long-term debt to total assets ratio increased from Mar. 2023 (0.10) to Mar. 2024 (0.12). It may suggest that Guangdong HEC Technology Holding Co is progressively becoming more dependent on debt to grow their business.

Guangdong HEC Technology Holding Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangdong HEC Technology Holding 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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Guangdong HEC Technology Holding Co LT-Debt-to-Total-Asset Chart

Guangdong HEC Technology Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.09

0.05

0.07

0.10

Guangdong HEC Technology Holding 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															0.10	0.12	0.11	0.10	0.12

Guangdong HEC Technology Holding Co LT-Debt-to-Total-Asset Calculation

Guangdong HEC Technology Holding 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 )
	=	2584.52	/	24951.87
	=	0.10

Guangdong HEC Technology Holding 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 )
	=	3106.133	/	26154.524
	=	0.12

Guangdong HEC Technology Holding Co (SHSE:600673) 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.

Guangdong HEC Technology Holding Co LT-Debt-to-Total-Asset Related Terms

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Guangdong HEC Technology Holding Co (SHSE:600673) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangdong HEC Technology Holding Co Ltd (SHSE:600673) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Fifth Industrial Zone, Shangsha Village, Chang'an Town, Guangdong Province, Dongguan, CHN, 523871

Website

http://www.tech.hec.cn

Guangdong HEC Technology Holding Co Ltd is engaged in the manufacture and distribution of electronic materials and alloy materials. The company's products consist of electronic foils, hydrophilic foil, electronic light foil, capacitors, magnetic materials, electronic aluminum, and others.

Executives

Zhang Yu Shuai	Director
Zhang Hong Wei	Director
Tang Xin Fa	Director
Chen Tie Sheng	Director
Wang Zhen	Director
Zhang Gao Shan	Supervisors

Guangdong HEC Technology Holding Co (SHSE:600673) Headlines

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