MayAir Technology (China) Co (SHSE:688376) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

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What is MayAir Technology (China) 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. MayAir Technology (China) Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.10.

MayAir Technology (China) Co's long-term debt to total assets ratio increased from Sep. 2023 (0.03) to Sep. 2024 (0.10). It may suggest that MayAir Technology (China) Co is progressively becoming more dependent on debt to grow their business.

MayAir Technology (China) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for MayAir Technology (China) 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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MayAir Technology (China) Co LT-Debt-to-Total-Asset Chart

MayAir Technology (China) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.03

0.02

0.04

MayAir Technology (China) Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.04	0.05	0.07	0.10

MayAir Technology (China) Co LT-Debt-to-Total-Asset Calculation

MayAir Technology (China) 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 )
	=	120.948	/	2990.459
	=	0.04

MayAir Technology (China) 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 )
	=	319.261	/	3321.346
	=	0.10

MayAir Technology (China) Co (SHSE:688376) 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.

MayAir Technology (China) Co LT-Debt-to-Total-Asset Related Terms

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MayAir Technology (China) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MayAir Technology (China) Co Ltd (SHSE:688376) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

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Address

No. 101 Lanxia Road, Moling Street, Jiangning District, Jiangsu Province, Nanjing, CHN, 211111

Website

https://www.mayair.com.cn

MayAir Technology (China) Co Ltd is engaged in the research and development, production and sales of air purification products and atmospheric environment treatment products.

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