Suzhou Secote Precision Electronic Co (SHSE:603283) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Suzhou Secote Precision Electronic 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. Suzhou Secote Precision Electronic Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Suzhou Secote Precision Electronic Co's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.02). It may suggest that Suzhou Secote Precision Electronic Co is progressively becoming less dependent on debt to grow their business.

Suzhou Secote Precision Electronic Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suzhou Secote Precision Electronic 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.

Suzhou Secote Precision Electronic Co LT-Debt-to-Total-Asset Chart

Suzhou Secote Precision Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.09

0.07

0.09

0.06

0.02

Suzhou Secote Precision Electronic 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															0.05	0.04	0.02	0.02	0.02

Suzhou Secote Precision Electronic Co LT-Debt-to-Total-Asset Calculation

Suzhou Secote Precision Electronic 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 )
	=	112.176	/	4621.424
	=	0.02

Suzhou Secote Precision Electronic 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 )
	=	111.466	/	4743.645
	=	0.02

Suzhou Secote Precision Electronic Co (SHSE:603283) 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.

Suzhou Secote Precision Electronic Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Suzhou Secote Precision Electronic Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Suzhou Secote Precision Electronic Co (SHSE:603283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Secote Precision Electronic Co Ltd (SHSE:603283) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.4 South Dongwu Road, Wuzhong, Suzhou, CHN, 215168

Website

http://www.secote.com

Suzhou Secote Precision Electronic Co Ltd is engaged in the provision of automation solutions. Secote offers technical consultancy, feasibility studies, data experimentation, system design, programming, system integration, installation and tuning, and other services. The company also provides measurement and detection equipment and fixtures. Secote's products are widely used in the consumer electronics, automotive, medical, household appliance, apparel and personal care, food service, and cosmetics industries.

Executives

Yang Wei	Director
	Director
Chen Xiang Bing	Director
Li San Bao	Director
Zhao Jian Hua	Directors, senior managers
Huang Yuan Yuan	senior management
Wang Yong	Director
Sun Feng	Directors, senior managers
Bie Yuan Feng	Supervisors
Sun Quan	Supervisors
Lou Hong Wei	Director
Liu Yan Wei	senior management
Ceng Hui	Director
Fu Kai Qiang	Director
Liu Hong Ning	senior management

Suzhou Secote Precision Electronic Co (SHSE:603283) Headlines

No Headlines