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Suzhou Harmontronics Automation Technology Co (SHSE:688022) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)


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What is Suzhou Harmontronics Automation 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. Suzhou Harmontronics Automation Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Suzhou Harmontronics Automation Technology Co's long-term debt to total assets ratio increased from Sep. 2023 (0.06) to Sep. 2024 (0.07). It may suggest that Suzhou Harmontronics Automation Technology Co is progressively becoming more dependent on debt to grow their business.

Suzhou Harmontronics Automation Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suzhou Harmontronics Automation 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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Suzhou Harmontronics Automation Technology Co LT-Debt-to-Total-Asset Chart

Suzhou Harmontronics Automation Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial - 0.02 0.03 0.02 0.06

Suzhou Harmontronics Automation 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.06 0.08 0.07 0.07

Suzhou Harmontronics Automation Technology Co LT-Debt-to-Total-Asset Calculation

Suzhou Harmontronics Automation 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 )
=257.816/4075.689
=0.06

Suzhou Harmontronics Automation 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 )
=282.58/3870.499
=0.07

* 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.

Suzhou Harmontronics Automation Technology Co  (SHSE:688022) 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.

Suzhou Harmontronics Automation Technology Co LT-Debt-to-Total-Asset Related Terms

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Suzhou Harmontronics Automation Technology Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Harmontronics Automation Technology Co Ltd (SHSE:688022) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
BJSE:836961 SHSE:688419 SZSE:301279 SHSE:688121 SHSE:603076 SZSE:300412 SZSE:300950 BJSE:832885 SZSE:301151 SHSE:603320 XTER:SIE XPAR:SU ETN PH OSTO:ATCO A ITW EMR TSE:7011 XTER:ENR CMI
Traded in Other Exchanges
N/A
Address
No. 40, Jiasheng Road, Suzhou Industrial Park, Jiangsu Province, Shengpu, CHN, 215126
Website
https://www.harmontronics.com
Suzhou Harmontronics Automation Technology Co Ltd is a high-tech enterprise specializing in intelligent manufacturing research and development, design, production, sales and service. The company specializes in the manufacture of precision small products, providing customers with flexible and efficient integrated solutions for intelligent manufacturing equipment. It offers products such as PCB press fit pin machine, integral machine and Laminated molding machine.
Executives
Xie Xin Feng Core technical personnel
Chen Xiong Bin Directors, senior managers, core technical personn
Guo Shi Bin senior management
He Zhong Dao senior management
Cai Chang Wei Directors, senior managers, core technical personn
Chen Kun Core technical personnel
Zhong Wei Yuan Core technical personnel
Tang Gao Zhe Directors, senior managers

Suzhou Harmontronics Automation Technology Co Headlines

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