Shenzhen Topband Co (SZSE:002139) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Shenzhen Topband 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 Topband Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Shenzhen Topband Co's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.05). It may suggest that Shenzhen Topband Co is progressively becoming less dependent on debt to grow their business.

Shenzhen Topband Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Topband 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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Shenzhen Topband Co LT-Debt-to-Total-Asset Chart

Shenzhen Topband Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.03

0.05

0.06

0.05

Shenzhen Topband Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.08	0.08	0.05	0.05

Shenzhen Topband Co LT-Debt-to-Total-Asset Calculation

Shenzhen Topband 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 )
	=	499.178	/	11184.119
	=	0.04

Shenzhen Topband Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	627.706	/	12253.909
	=	0.05

Shenzhen Topband Co (SZSE:002139) 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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Shenzhen Topband Co (SZSE:002139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Topband Co Ltd (SZSE:002139) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Keji Second Road, Topband Industrial Park, Tangtou Avenue, Shiyan Subdistrict, Baoan District, Guangdong, Shenzhen, CHN, 518108

Website

http://www.topband.com.cn

Shenzhen Topband Co Ltd is engaged in the manufacturing of intelligent controller solutions, high-efficient motors, and lithium batteries for the household appliance, power tools industry, and technology-related markets.

Executives

Xiang Wei	Executives
Wen Chao Hui	Directors, executives
Ji Shu Hai	Director
Peng Gan Quan	Directors, executives
Wu Yong Qiang	Directors, executives
Chen De Jian	Securities Affairs Representative
Chen Jin Zhou	Supervisors
Yao Xiao Cong	Independent director
Zheng Si Bin	Directors, executives
Ma Wei	Directors, executives
Dai Hui Juan	Supervisors
Zhou Biao	Supervisors
Li Rang	Directors, executives
Dai Xin	Director
Wan Fei	Supervisors

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