Guobo Electronics Co (SHSE:688375) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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

Guobo Electronics Co's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.01). It may suggest that Guobo Electronics Co is progressively becoming less dependent on debt to grow their business.

Guobo Electronics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guobo Electronics 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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Guobo Electronics Co LT-Debt-to-Total-Asset Chart

Guobo Electronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.02

0.01

Guobo Electronics Co Quarterly Data
	Dec18	Dec19	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												0.02	0.02	0.01	0.01	0.01

Guobo Electronics Co LT-Debt-to-Total-Asset Calculation

Guobo Electronics 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 )
	=	98.377	/	8471.07
	=	0.01

Guobo Electronics 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 )
	=	99.733	/	8192.886
	=	0.01

Guobo Electronics Co (SHSE:688375) 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.

Guobo Electronics Co LT-Debt-to-Total-Asset Related Terms

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Guobo Electronics Co (SHSE:688375) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guobo Electronics Co Ltd (SHSE:688375) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 166, Zhengfang Middle Road,, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211111

Website

http://www.gbdz.net

Guobo Electronics Co Ltd is engaged in the research and development, production and sales of active phased array T/R components and radio frequency integrated circuits related products.

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