Shentong Technology Group Co (SHSE:605228) LT-Debt-to-Total-Asset : 0.20 (As of Mar. 2025)

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What is Shentong Technology Group 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. Shentong Technology Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2025 was 0.20.

Shentong Technology Group Co's long-term debt to total assets ratio increased from Mar. 2024 (0.18) to Mar. 2025 (0.20). It may suggest that Shentong Technology Group Co is progressively becoming more dependent on debt to grow their business.

Shentong Technology Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shentong Technology Group 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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Shentong Technology Group Co LT-Debt-to-Total-Asset Chart

Shentong Technology Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.18

0.20

Shentong Technology Group Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.20	0.20	0.20	0.20

Shentong Technology Group Co LT-Debt-to-Total-Asset Calculation

Shentong Technology Group Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	567.922	/	2818.548
	=	0.20

Shentong Technology Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2025 is calculated as

LT Debt to Total Assets (Q: Mar. 2025 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2025 )	/	Total Assets (Q: Mar. 2025 )
	=	572.658	/	2832.815
	=	0.20

Shentong Technology Group Co (SHSE:605228) 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.

Shentong Technology Group Co LT-Debt-to-Total-Asset Related Terms

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Shentong Technology Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shentong Technology Group Co Ltd (SHSE:605228) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 788, Tanjialing West Road, Lanjiang Street, Zhejiang Province, Yuyao, CHN, 315400

Website

http://www.shentong-china.com

Shentong Technology Group Co Ltd is engaged in the research and development, production and sales of automotive non-metallic parts and molds. The main products include automotive powertrain parts, interior and exterior trim parts and molds.

Executives

Wu Chao	senior management
Wang Huan	Director
Zhou Bao Cong	Director
Zhu Chun Ya	Directors, senior managers

Shentong Technology Group Co Headlines

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