Sichuan Furong Technology Co (SHSE:603327) LT-Debt-to-Total-Asset : 0.25 (As of Sep. 2024)

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What is Sichuan Furong 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. Sichuan Furong Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.25.

Sichuan Furong Technology Co's long-term debt to total assets ratio increased from Sep. 2023 (0.25) to Sep. 2024 (0.25). It may suggest that Sichuan Furong Technology Co is progressively becoming more dependent on debt to grow their business.

Sichuan Furong Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sichuan Furong 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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Sichuan Furong Technology Co LT-Debt-to-Total-Asset Chart

Sichuan Furong Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.04

0.24

Sichuan Furong 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															0.25	0.24	0.23	0.25	0.25

Sichuan Furong Technology Co LT-Debt-to-Total-Asset Calculation

Sichuan Furong 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 )
	=	784.169	/	3313.851
	=	0.24

Sichuan Furong 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 )
	=	811.433	/	3259.097
	=	0.25

Sichuan Furong Technology Co (SHSE:603327) 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.

Sichuan Furong Technology Co LT-Debt-to-Total-Asset Related Terms

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Sichuan Furong Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sichuan Furong Technology Co Ltd (SHSE:603327) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 518, Section 2, Chongshuang Avenue, Chengdu, Sichuan, Chongzhou, CHN, 611230

Website

http://www.scfrkj.cn

Sichuan Furong Technology Co Ltd is engaged in manufacturing of computer, communications and other electronic equipment.

Executives

Xiao Xue Dong	senior management
Zhang Jing Zhong	Director
Huang Wei	senior management
Peng Chang Hua	senior management
He Yi	senior management
Hu Jun Qiang	Director

Sichuan Furong Technology Co Headlines

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