Smarter Microelectronics (Guangzhou) Co (SHSE:688512) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Smarter Microelectronics (Guangzhou) 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. Smarter Microelectronics (Guangzhou) Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Smarter Microelectronics (Guangzhou) Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.01). It may suggest that Smarter Microelectronics (Guangzhou) Co is progressively becoming more dependent on debt to grow their business.

Smarter Microelectronics (Guangzhou) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Smarter Microelectronics (Guangzhou) 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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Smarter Microelectronics (Guangzhou) Co LT-Debt-to-Total-Asset Chart

Smarter Microelectronics (Guangzhou) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.04

0.01

Smarter Microelectronics (Guangzhou) Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								-	-	-	0.01	0.01

Smarter Microelectronics (Guangzhou) Co LT-Debt-to-Total-Asset Calculation

Smarter Microelectronics (Guangzhou) 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 )
	=	33.914	/	2392.903
	=	0.01

Smarter Microelectronics (Guangzhou) 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 )
	=	33.418	/	2345.724
	=	0.01

Smarter Microelectronics (Guangzhou) Co (SHSE:688512) 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.

Smarter Microelectronics (Guangzhou) Co LT-Debt-to-Total-Asset Related Terms

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Smarter Microelectronics (Guangzhou) Co (SHSE:688512) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Smarter Microelectronics (Guangzhou) Co Ltd (SHSE:688512) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 182, Science Avenue, Unit 307, 3rd Floor, C2, Innovation Building, High-tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510663

Website

https://www.smartermicro.com

Smarter Microelectronics (Guangzhou) Co Ltd is engaged in the research and development, design and sales of RF front-end chips and modules.

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