Zhejiang Tony Electronic Co (SHSE:603595) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

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

What is Zhejiang Tony 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. Zhejiang Tony Electronic Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Zhejiang Tony Electronic Co's long-term debt to total assets ratio declined from Mar. 2023 (0.25) to Mar. 2024 (0.10). It may suggest that Zhejiang Tony Electronic Co is progressively becoming less dependent on debt to grow their business.

Zhejiang Tony Electronic Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Tony 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.

Zhejiang Tony Electronic Co LT-Debt-to-Total-Asset Chart

Zhejiang Tony 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

0.07

0.17

0.13

0.22

0.11

Zhejiang Tony 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															0.25	0.18	0.15	0.11	0.10

Zhejiang Tony Electronic Co LT-Debt-to-Total-Asset Calculation

Zhejiang Tony 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 )
	=	601.718	/	5301.496
	=	0.11

Zhejiang Tony 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 )
	=	514.203	/	5123.852
	=	0.10

Zhejiang Tony Electronic Co (SHSE:603595) 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.

Zhejiang Tony Electronic Co LT-Debt-to-Total-Asset Related Terms

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

Zhejiang Tony Electronic Co (SHSE:603595) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Tony Electronic Co Ltd (SHSE:603595) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

China Town Road No.88, Wuzhou District, Zhejiang Province, Huzhou City, CHN, 313008

Website

http://www.tony-tech.com

Zhejiang Tony Electronic Co Ltd is engaged in the research, manufacturing, and marketing of ultra-fine alloy wire and other metal matrix composite. The major products are ultra-fine conductors and laminating wires. Its ultra-fine conductors and laminating wires are widely applied in electronic, new energy automobile, medical apparatus, and intelligent robot fields; and diamond cutting lines are mainly used in the cutting of hard and brittle materials such as silicon and sapphire.

Zhejiang Tony Electronic Co (SHSE:603595) Headlines

No Headlines