GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hefei Chipmore Technology Co Ltd (SHSE:688352) » Definitions » LT-Debt-to-Total-Asset

Hefei Chipmore Technology Co (SHSE:688352) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Hefei Chipmore 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. Hefei Chipmore Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Hefei Chipmore Technology Co's long-term debt to total assets ratio declined from Sep. 2023 (0.08) to Sep. 2024 (0.03). It may suggest that Hefei Chipmore Technology Co is progressively becoming less dependent on debt to grow their business.


Hefei Chipmore Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hefei Chipmore 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.

* Premium members only.

Hefei Chipmore Technology Co LT-Debt-to-Total-Asset Chart

Hefei Chipmore Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.16 0.18 0.20 0.17 0.04

Hefei Chipmore Technology Co Quarterly Data
Dec19 Dec20 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 0.08 0.04 0.04 0.04 0.03

Hefei Chipmore Technology Co LT-Debt-to-Total-Asset Calculation

Hefei Chipmore 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 )
=309.189/7153.334
=0.04

Hefei Chipmore 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 )
=239.074/7091.785
=0.03

* 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.


Hefei Chipmore Technology Co  (SHSE:688352) 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.


Hefei Chipmore Technology Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Hefei Chipmore Technology Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Hefei Chipmore Technology Co Business Description

Traded in Other Exchanges
N/A
Address
Comprehensive Free Trade Zone, Xinzhan District, Anhui Province, Hefei, CHN, 230011
Hefei Chipmore Technology Co Ltd is a high-end advanced packaging and testing service provider for integrated circuits. It can provide customers with a full range of comprehensive integrated circuit packaging and testing services, covering display driver chips, power management chips, RF front-end chips and other products.
Executives
Wang Xiao Feng Core technical personnel

Hefei Chipmore Technology Co Headlines

No Headlines