Guangdong Skychem Technology Co (SHSE:688603) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Guangdong Skychem Technology 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 Skychem Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Guangdong Skychem Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.02). It may suggest that Guangdong Skychem Technology Co is progressively becoming less dependent on debt to grow their business.

Guangdong Skychem Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangdong Skychem Technology 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 Skychem Technology Co LT-Debt-to-Total-Asset Chart

Guangdong Skychem Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.11

0.06

0.02

Guangdong Skychem Technology Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.05	0.05	0.02	0.02	0.02

Guangdong Skychem Technology Co LT-Debt-to-Total-Asset Calculation

Guangdong Skychem Technology 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 )
	=	27.291	/	1170.731
	=	0.02

Guangdong Skychem Technology 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 )
	=	22.926	/	1152.086
	=	0.02

Guangdong Skychem Technology Co (SHSE:688603) 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 Skychem Technology Co LT-Debt-to-Total-Asset Related Terms

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Guangdong Skychem Technology Co (SHSE:688603) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Skychem Technology Co Ltd (SHSE:688603) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 280, Hualian 3rd Road, Nanshui Town, Jinwan, Guangdong, Zhuhai, CHN, 519000

Website

http://www.skychemcn.com

Guangdong Skychem Technology Co Ltd is engaged in the research & development, production and sales of special electronic chemicals required by PCB. As a substrate for assembling electronic components and chip packaging, PCB is a key electronic interconnection of electronic products.

Executives

Tong Mao Jun

Director

Guangdong Skychem Technology Co (SHSE:688603) Headlines

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