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

Guobo Electronics Co's long-term debt to total assets ratio declined from Jun. 2023 (0.02) to Jun. 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
Get a 7-Day Free Trial - 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 Jun24
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 0.02 0.01 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 Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )/Total Assets (Q: Jun. 2024 )
=100.376/8070.096
=0.01

* 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.


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 Business Description

Traded in Other Exchanges
N/A
Address
No. 166, Zhengfang Middle Road, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211111
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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