Guangdong Champion Asia Electronics Co (SHSE:603386) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

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What is Guangdong Champion Asia Electronics 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 Champion Asia Electronics Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Guangdong Champion Asia Electronics Co's long-term debt to total assets ratio declined from Mar. 2023 (0.11) to Mar. 2024 (0.10). It may suggest that Guangdong Champion Asia Electronics Co is progressively becoming less dependent on debt to grow their business.

Guangdong Champion Asia Electronics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangdong Champion Asia Electronics 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 Champion Asia Electronics Co LT-Debt-to-Total-Asset Chart

Guangdong Champion Asia Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.05

0.06

0.09

0.10

Guangdong Champion Asia Electronics 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															0.11	0.10	0.10	0.10	0.10

Guangdong Champion Asia Electronics Co LT-Debt-to-Total-Asset Calculation

Guangdong Champion Asia Electronics 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 )
	=	348.104	/	3424.762
	=	0.10

Guangdong Champion Asia Electronics 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 )
	=	337.967	/	3414.683
	=	0.10

Guangdong Champion Asia Electronics Co (SHSE:603386) 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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Guangdong Champion Asia Electronics Co (SHSE:603386) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangdong Champion Asia Electronics Co Ltd (SHSE:603386) » Definitions » LT-Debt-to-Total-Asset

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Address

25 Digital Industrial Park, Sandong Town, Guangdong Province, Huicheng District, Huizhou, CHN

Website

http://www.championasia.hk

Guangdong Champion Asia Electronics Co Ltd specializes in the printed circuit board industry. It is mainly engaged in the development, production and sales of printed circuit boards, and printed circuit board tables. The company's main products include double-panel, multi-layer boards including SMT products. The products are mainly used in IT communication equipment, consumer electronics, computers and peripherals, automotive electronics, industrial control energy and other industries.

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