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Miracle Automation Engineering Co (SZSE:002009) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)


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What is Miracle Automation Engineering 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. Miracle Automation Engineering Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

Miracle Automation Engineering Co's long-term debt to total assets ratio declined from Jun. 2023 (0.10) to Jun. 2024 (0.07). It may suggest that Miracle Automation Engineering Co is progressively becoming less dependent on debt to grow their business.

Miracle Automation Engineering Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Miracle Automation Engineering 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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Miracle Automation Engineering Co LT-Debt-to-Total-Asset Chart

Miracle Automation Engineering Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.02 0.03 0.07 0.08

Miracle Automation Engineering 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.10 0.08 0.07 0.07

Miracle Automation Engineering Co LT-Debt-to-Total-Asset Calculation

Miracle Automation Engineering 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 )
=510.453/6491.856
=0.08

Miracle Automation Engineering 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 )
=414.278/6250.596
=0.07

* 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.

Miracle Automation Engineering Co  (SZSE:002009) 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.

Miracle Automation Engineering Co LT-Debt-to-Total-Asset Related Terms

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Miracle Automation Engineering Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Miracle Automation Engineering Co Ltd (SZSE:002009) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SHSE:688531 SZSE:300607 SZSE:002639 SHSE:600843 SZSE:300990 SZSE:301603 SZSE:301516 SHSE:688697 SZSE:002452 SZSE:300411 XTER:SIE XPAR:SU ETN OSTO:ATCO A PH ITW EMR TSE:7011 CMI BSP:WEGE3
Traded in Other Exchanges
N/A
Address
No 288 Luojing Road, Luoshe town, Huishan District, Jiangsu Province, Wuxi, CHN
Website
http://www.chinaconveyor.com
Miracle Automation Engineering Co Ltd is engaged in the design, manufacture, and installation of logistics systems, optical electromechanical integration projects, and a wind power generator in China.
Executives
Li Ming Bo Executives
Zhang Yu Xing Secretary, Director
Shen Xian Feng Executives
Shen Bao Wei Directors, executives
Directors, executives
Chou Xue Qin Executives
Li Feng Bao Supervisors
Bai Kai Jun Director
Yang Lei Directors, executives
Zhang Yuan Xing Supervisors

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