Shenzhen S-king Intelligent Equipment Co (SHSE:688328) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Shenzhen S-king Intelligent Equipment 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 S-king Intelligent Equipment Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Shenzhen S-king Intelligent Equipment Co's long-term debt to total assets ratio declined from Sep. 2023 (0.21) to Sep. 2024 (0.01). It may suggest that Shenzhen S-king Intelligent Equipment Co is progressively becoming less dependent on debt to grow their business.

Shenzhen S-king Intelligent Equipment Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen S-king Intelligent Equipment 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 S-king Intelligent Equipment Co LT-Debt-to-Total-Asset Chart

Shenzhen S-king Intelligent Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.19

0.07

Shenzhen S-king Intelligent Equipment 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															0.21	0.07	0.01	0.01	0.01

Shenzhen S-king Intelligent Equipment Co LT-Debt-to-Total-Asset Calculation

Shenzhen S-king Intelligent Equipment 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 )
	=	118.676	/	1655.466
	=	0.07

Shenzhen S-king Intelligent Equipment 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 )
	=	14.624	/	1647.856
	=	0.01

Shenzhen S-king Intelligent Equipment Co (SHSE:688328) 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.

Shenzhen S-king Intelligent Equipment Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen S-king Intelligent Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen S-king Intelligent Equipment Co Ltd (SHSE:688328) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

2 Zhengcheng 2nd Road, Fuyong Street, Baoan District, Shanghai, Shenzhen, CHN, 518103

Website

http://www.szskd.com

Shenzhen S-king Intelligent Equipment Co Ltd, formerly Shenzhen Shenkeda Intelligent Equipment Co Ltd is engaged in the research and development, production, sales, and service of automatic bonding series, semi-automatic bonding series, AOI/detection series, fingerprint module series, COG/FOG series, non-standard series, and semiconductor series bonding equipment.

Executives

Lin Guang Man	senior management
Qin Chao	Senior management, core technical personnel
Yang Jie	Core technical personnel

Shenzhen S-king Intelligent Equipment Co Headlines

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