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Shenzhen Topband Co (SZSE:002139) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 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 Sep. 2024 was 0.03.

Shenzhen Topband Co's long-term debt to total assets ratio declined from Sep. 2023 (0.08) to Sep. 2024 (0.03). 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
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.03 0.05 0.06 0.05

Shenzhen Topband 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 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 0.08 0.05 0.05 0.05 0.03

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 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 )
=360.729/12265.861
=0.03

* 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.

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 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Topband Co Ltd (SZSE:002139) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SZSE:001287 SZSE:002387 SHSE:688001 SHSE:688709 SHSE:688116 SHSE:688055 SZSE:002222 SHSE:688629 SZSE:001308 SZSE:000536 APH TPE:2317 TEL GLW SZSE:002475 TPE:2308 TSE:6981 TSE:6762 SZSE:000725 FLEX
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

Shenzhen Topband Co Headlines

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