Leedarson IoT Technology (SHSE:605365) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is Leedarson IoT Technology 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. Leedarson IoT Technology's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Leedarson IoT Technology's long-term debt to total assets ratio declined from Sep. 2023 (0.04) to Sep. 2024 (0.04). It may suggest that Leedarson IoT Technology is progressively becoming less dependent on debt to grow their business.

Leedarson IoT Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Leedarson IoT Technology'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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Leedarson IoT Technology LT-Debt-to-Total-Asset Chart

Leedarson IoT Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.04

Leedarson IoT Technology 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															0.04	0.04	0.04	0.04	0.04

Leedarson IoT Technology LT-Debt-to-Total-Asset Calculation

Leedarson IoT Technology'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 )
	=	263.266	/	6011.144
	=	0.04

Leedarson IoT Technology'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 )
	=	266.092	/	6503.867
	=	0.04

Leedarson IoT Technology (SHSE:605365) 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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Leedarson IoT Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Leedarson IoT Technology Inc (SHSE:605365) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1511 Fanghubei 2nd Road, Unit 701, 7th Floor, Huli District, Fujian Province, Xiamen, CHN, 361006

Website

https://www.leedarson.com.cn

Leedarson IoT Technology Inc is engaged in the research and development, manufacturing, sales and service of LED lighting products, smart homes, smart buildings and other IoT products.

Executives

Zheng Lian Yong	Director
Lin You Qin	Director
Yang Xiao Yan	Director
Zhang Yu Sheng	senior management
Xia Cheng Liang	Director

Leedarson IoT Technology Headlines

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