Suzhou Recodeal Interconnect System Co (SHSE:688800) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Suzhou Recodeal Interconnect System 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. Suzhou Recodeal Interconnect System Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Suzhou Recodeal Interconnect System Co's long-term debt to total assets ratio increased from Sep. 2023 (0.03) to Sep. 2024 (0.05). It may suggest that Suzhou Recodeal Interconnect System Co is progressively becoming more dependent on debt to grow their business.

Suzhou Recodeal Interconnect System Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suzhou Recodeal Interconnect System 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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Suzhou Recodeal Interconnect System Co LT-Debt-to-Total-Asset Chart

Suzhou Recodeal Interconnect System Co Annual Data

Trend

Dec14

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

Suzhou Recodeal Interconnect System 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															0.03	0.02	0.08	0.06	0.05

Suzhou Recodeal Interconnect System Co LT-Debt-to-Total-Asset Calculation

Suzhou Recodeal Interconnect System 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 )
	=	82.309	/	3414.506
	=	0.02

Suzhou Recodeal Interconnect System 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 )
	=	210.17	/	3925.464
	=	0.05

Suzhou Recodeal Interconnect System Co (SHSE:688800) 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.

Suzhou Recodeal Interconnect System Co LT-Debt-to-Total-Asset Related Terms

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Suzhou Recodeal Interconnect System Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Recodeal Interconnect System Co Ltd (SHSE:688800) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.998 Songjia Road, Wusongjiang Science and Technology Industrial Park, Jiangsu Province, Wuzhong District, Suzhou, CHN, 215124

Website

http://www.recodeal.com

Suzhou Recodeal Interconnect System Co Ltd develops, produces and sells connection systems, microwave components and other products.

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