Guangdong Lyric Robot Automation Co (SHSE:688499) LT-Debt-to-Total-Asset : 0.17 (As of Sep. 2024)

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What is Guangdong Lyric Robot Automation 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. Guangdong Lyric Robot Automation Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.17.

Guangdong Lyric Robot Automation Co's long-term debt to total assets ratio declined from Sep. 2023 (0.18) to Sep. 2024 (0.17). It may suggest that Guangdong Lyric Robot Automation Co is progressively becoming less dependent on debt to grow their business.

Guangdong Lyric Robot Automation Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangdong Lyric Robot Automation 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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Guangdong Lyric Robot Automation Co LT-Debt-to-Total-Asset Chart

Guangdong Lyric Robot Automation Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.05

0.17

0.19

Guangdong Lyric Robot Automation Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.19	0.19	0.19	0.17

Guangdong Lyric Robot Automation Co LT-Debt-to-Total-Asset Calculation

Guangdong Lyric Robot Automation 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 )
	=	1846.609	/	9951.616
	=	0.19

Guangdong Lyric Robot Automation 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 )
	=	1587.999	/	9291.165
	=	0.17

Guangdong Lyric Robot Automation Co (SHSE:688499) 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.

Guangdong Lyric Robot Automation Co LT-Debt-to-Total-Asset Related Terms

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Guangdong Lyric Robot Automation Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Lyric Robot Automation Co Ltd (SHSE:688499) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4, Xinpeng Road, Ma'an Town, Huicheng District, Guangdong Province, Huizhou, CHN, 516057

Website

http://www.liyuanheng.com

Guangdong Lyric Robot Automation Co Ltd is a high-tech enterprise focusing on research and development and manufacturing of high-end equipment, and a leading enterprise in the new energy intelligent equipment industry with a global perspective. It mainly provide digital intelligence solutions for leading companies in the three major industries of new energy, automobiles and Information and Communications Technology.

Executives

Du Yi Xian	Supervisors
Gao Xue Song	Director
Xiong Xue Fei	Core technical personnel
Chen De	Core technical personnel
Ding Chang Peng	Core technical personnel
Cai Hai Sheng	Core technical personnel
Lu Jia Hong	Director
Guo Qiu Ming	Core technical personnel
Chen Jian Ze	Core technical personnel

Guangdong Lyric Robot Automation Co Headlines

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