Sichuan Huafeng Technology Co (SHSE:688629) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Sichuan Huafeng 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. Sichuan Huafeng Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Sichuan Huafeng Technology Co's long-term debt to total assets ratio declined from Sep. 2023 (0.09) to Sep. 2024 (0.07). It may suggest that Sichuan Huafeng Technology Co is progressively becoming less dependent on debt to grow their business.

Sichuan Huafeng Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sichuan Huafeng 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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Sichuan Huafeng Technology Co LT-Debt-to-Total-Asset Chart

Sichuan Huafeng Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

0.02

0.01

0.11

0.08

Sichuan Huafeng Technology Co 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										0.09	0.08	0.08	0.07	0.07

Sichuan Huafeng Technology Co LT-Debt-to-Total-Asset Calculation

Sichuan Huafeng 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 )
	=	203.803	/	2569.684
	=	0.08

Sichuan Huafeng Technology 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 )
	=	190.346	/	2675.202
	=	0.07

Sichuan Huafeng Technology Co (SHSE:688629) 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.

Sichuan Huafeng Technology Co LT-Debt-to-Total-Asset Related Terms

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Sichuan Huafeng Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sichuan Huafeng Technology Co Ltd (SHSE:688629) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 118, Sanjiang Avenue, Economic Development Zone, Sichuan, Mianyang, CHN, 621000

Website

https://www.huafeng796.com

Sichuan Huafeng Technology Co Ltd is a global provider of optical connectors and interconnection solutions. It is engaged in research & development, production and sales of optical and electrical connectors and cable assemblies, and provides customers with system solutions.

Executives

Liu Tai Guo

Directors, senior managers

Sichuan Huafeng Technology Co Headlines

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