Shenzhen Transsion Holdings Co (SHSE:688036) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Shenzhen Transsion Holdings 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. Shenzhen Transsion Holdings Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Shenzhen Transsion Holdings Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Shenzhen Transsion Holdings Co is progressively becoming less dependent on debt to grow their business.

Shenzhen Transsion Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Transsion Holdings 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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Shenzhen Transsion Holdings Co LT-Debt-to-Total-Asset Chart

Shenzhen Transsion Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Shenzhen Transsion Holdings 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															0.01	0.02	0.02	0.01	0.01

Shenzhen Transsion Holdings Co LT-Debt-to-Total-Asset Calculation

Shenzhen Transsion Holdings 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 )
	=	418.121	/	46121.001
	=	0.01

Shenzhen Transsion Holdings 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 )
	=	413.263	/	47945.213
	=	0.01

Shenzhen Transsion Holdings Co (SHSE:688036) 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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Shenzhen Transsion Holdings Co (SHSE:688036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Transsion Holdings Co Ltd (SHSE:688036) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 9789 Shennan Road, 17th Floor, Desay Building, Hi-Tech Park, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.transsion.com

Shenzhen Transsion Holdings Co Ltd is a smart device and mobile internet service provider. It offers smart devices with mobile phones as the core products, and mobile internet service based on self-developed intelligent terminal operating system and massive mobile phone users. The company's brand portfolio comprises mobile phone brands including TECNO, itel and Infinix, Carlcare for after-sales services, oraimo for smart accessories, and Syinix for home appliances.

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