Xiamen Xinde Co (SZSE:000701) LT-Debt-to-Total-Asset : 0.15 (As of Jun. 2024)

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What is Xiamen Xinde 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. Xiamen Xinde Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.15.

Xiamen Xinde Co's long-term debt to total assets ratio increased from Jun. 2023 (0.06) to Jun. 2024 (0.15). It may suggest that Xiamen Xinde Co is progressively becoming more dependent on debt to grow their business.

Xiamen Xinde Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xiamen Xinde 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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Xiamen Xinde Co LT-Debt-to-Total-Asset Chart

Xiamen Xinde Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.15

0.10

0.06

0.17

Xiamen Xinde 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															0.06	0.13	0.17	0.13	0.15

Xiamen Xinde Co LT-Debt-to-Total-Asset Calculation

Xiamen Xinde 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 )
	=	2761.771	/	16042.194
	=	0.17

Xiamen Xinde 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 )
	=	3296.04	/	21849.381
	=	0.15

Xiamen Xinde Co (SZSE:000701) 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.

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Xiamen Xinde Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiamen Xinde Co Ltd (SZSE:000701) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinhong Building, 2F, Huli District, Xiamen, Fujian, CHN, 361006

Website

http://www.xindeco.com

Xiamen Xinde Co Ltd focuses on the Electronic Information industry and has built the industry framework with several pillar businesses covering Ultra-high Brightness LED Packaging, application development, and production, electronic labels, as well as development and production of security products.

Executives

Huang Jun Feng	Executives
Fu Ben Sheng	Directors, executives
Wang Ming Cheng	Directors, executives
Chen Ge	Executives
Ceng Ting Yi	Director
Jiang Feng	Executives
Chen Hong	Secretary, Director
Wang Xiao Shun	Supervisors
Hong Shuang Hua	Supervisors
Du Shao Hua	Directors, executives
Fan Dan	Executives
Zhou Kun Shan	Director
Tong Jin Zhi	Director
Wang Mei Ling	Supervisors, within half a year of separation
Huang Li Hong	Directors, executives

Xiamen Xinde Co Headlines

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