Shenzhen Deren Electronic Co (SZSE:002055) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

View and export this data going back to 2006. Start your Free Trial

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

Shenzhen Deren Electronic Co's long-term debt to total assets ratio increased from Sep. 2023 (0.03) to Sep. 2024 (0.07). It may suggest that Shenzhen Deren Electronic Co is progressively becoming more dependent on debt to grow their business.

Shenzhen Deren Electronic Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Deren Electronic 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.

* Premium members only.

Shenzhen Deren Electronic Co LT-Debt-to-Total-Asset Chart

Shenzhen Deren Electronic 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

0.03

Shenzhen Deren Electronic 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	0.03	0.04	0.06	0.07

Shenzhen Deren Electronic Co LT-Debt-to-Total-Asset Calculation

Shenzhen Deren Electronic 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 )
	=	267.28	/	7863.978
	=	0.03

Shenzhen Deren Electronic 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 )
	=	488.287	/	7559.127
	=	0.06

Shenzhen Deren Electronic Co (SZSE:002055) 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.

Shenzhen Deren Electronic Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Shenzhen Deren Electronic Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Deren Electronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Deren Electronic Co Ltd (SZSE:002055) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Guangming Street, Deren Industrial Park, Guanguang Road, Guangdong Province, Shenzhen, CHN, 518107

Website

http://www.deren.com.cn

Shenzhen Deren Electronic Co Ltd is a China-based company principally engaged in research, development, manufacturing, and sales of connectors and precision components for home appliance, consumer, and automotive electronics, and telematics technology. Their products include electronic connectors, electronic wire harnesses, precision molds and automotive electronics. Geographically, the company has its business presence in China and other international countries. The organization has three business groups, Home appliance and Consumer Electronics Business Group, Automotive Electronics and Electrics Business Group and Telematics Business Group.

Executives

Rao Qi	Executives
Wang Shao Hua	Directors, executives
Tian Nan Lv	Director
Su Jin	Director
Song Sheng Lin	Executives
He Lian Hua	Securities Affairs Representative
Qiu Wei Min	Director
Qiu Jian Min	Director
Wang Da Peng	Executives
Lan Yu Ping	Director
Li Xu Gen	Supervisors
Chen Jie	Supervisors

Shenzhen Deren Electronic Co Headlines

No Headlines