Changzhou Galaxy Century Microelectronics Co (SHSE:688689) LT-Debt-to-Total-Asset : 0.19 (As of Jun. 2024)

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What is Changzhou Galaxy Century Microelectronics 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. Changzhou Galaxy Century Microelectronics Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.19.

Changzhou Galaxy Century Microelectronics Co's long-term debt to total assets ratio increased from Jun. 2023 (0.19) to Jun. 2024 (0.19). It may suggest that Changzhou Galaxy Century Microelectronics Co is progressively becoming more dependent on debt to grow their business.

Changzhou Galaxy Century Microelectronics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Changzhou Galaxy Century Microelectronics 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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Changzhou Galaxy Century Microelectronics Co LT-Debt-to-Total-Asset Chart

Changzhou Galaxy Century Microelectronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.18

0.19

Changzhou Galaxy Century Microelectronics Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.19	0.19	0.19	0.19

Changzhou Galaxy Century Microelectronics Co LT-Debt-to-Total-Asset Calculation

Changzhou Galaxy Century Microelectronics 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 )
	=	374.857	/	1990.283
	=	0.19

Changzhou Galaxy Century Microelectronics Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	391.999	/	2023.726
	=	0.19

Changzhou Galaxy Century Microelectronics Co (SHSE:688689) 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.

Changzhou Galaxy Century Microelectronics Co LT-Debt-to-Total-Asset Related Terms

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Changzhou Galaxy Century Microelectronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Changzhou Galaxy Century Microelectronics Co Ltd (SHSE:688689) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Changjiang North Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213022

Website

https://www.gmesemi.com

Changzhou Galaxy Century Microelectronics Co Ltd is primarily involved in the research and design, chip manufacturing, packaging and testing, sales and technical services for diode, triode, bridge rectifier and other semiconductor discrete devices. The company's products have been widely used in household appliances, power and chargers, green lighting, network and communications, automotive electronics, smart meters and instruments.

Executives

Jia Dong Qing

Core technical personnel

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