Maxic Technology (SHSE:688458) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Maxic Technology 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. Maxic Technology's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Maxic Technology's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.00). It may suggest that Maxic Technology is progressively becoming more dependent on debt to grow their business.

Maxic Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Maxic Technology'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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Maxic Technology LT-Debt-to-Total-Asset Chart

Maxic Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.04

Maxic Technology 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										-	-	0.01	-	-

Maxic Technology LT-Debt-to-Total-Asset Calculation

Maxic Technology'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 )
	=	2.94	/	2155.708
	=	0.00

Maxic Technology'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 )
	=	7.229	/	2043.224
	=	0.00

Maxic Technology (SHSE:688458) 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.

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Maxic Technology Business Description

Industry

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Traded in Other Exchanges

N/A

Address

No. 01 Xueyuan Road, Room 30, 10th Floor, Block A, HKUST Tiangong Building, Techart Plaza, Haidian District, Beijing, CHN, 100083

Website

https://www.maxictech.com

Maxic Technology Inc is a high-tech design and sales company, focusing on the high-performance analog and digital-analog hybrid IC. Based on an independently developed high voltage integrated process, Maxic provides wireless Soc IC, USB-C/PD fast charging IC, full range of LED drivers, signal chain IC, etc. Covering communication terminals, consumer electronics, LED lighting, smart homes, automobile manufacturing, industrial control and other fields. Maxic has an advanced and experienced core team in the design and process development of high-performance analog and digital-analog hybrid IC.

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