Anhui Sinonet and Xinlong Science & Technology Co (SZSE:002298) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Anhui Sinonet and Xinlong Science & Technology 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. Anhui Sinonet and Xinlong Science & Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Anhui Sinonet and Xinlong Science & Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.03). It may suggest that Anhui Sinonet and Xinlong Science & Technology Co is progressively becoming more dependent on debt to grow their business.

Anhui Sinonet and Xinlong Science & Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Anhui Sinonet and Xinlong Science & Technology 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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Anhui Sinonet and Xinlong Science & Technology Co LT-Debt-to-Total-Asset Chart

Anhui Sinonet and Xinlong Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.01

0.03

Anhui Sinonet and Xinlong Science & Technology 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															0.01	0.03	0.02	0.03	0.03

Anhui Sinonet and Xinlong Science & Technology Co LT-Debt-to-Total-Asset Calculation

Anhui Sinonet and Xinlong Science & Technology 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 )
	=	199.055	/	6827.685
	=	0.03

Anhui Sinonet and Xinlong Science & Technology 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 )
	=	179.919	/	6684.139
	=	0.03

Anhui Sinonet and Xinlong Science & Technology Co (SZSE:002298) 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.

Anhui Sinonet and Xinlong Science & Technology Co LT-Debt-to-Total-Asset Related Terms

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Anhui Sinonet and Xinlong Science & Technology Co (SZSE:002298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Anhui Sinonet and Xinlong Science & Technology Co Ltd (SZSE:002298) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 118, Jiuhua North Road, Electrical Component Industrial Park, Economic and Technological Development Zone, Anhui Province, Wuhu, CHN, 241008

Website

http://www.ah-zdxl.com

Anhui Sinonet and Xinlong Science & Technology Co Ltd, formerly Anhui Xinlong Electronical Co Ltd are engaged in the production of high and low voltage switch equipment and electric machines.

Executives

Shu Long Sheng	Director
Qu Hong Gui	Directors, executives
He Li	Director
Yan Tao	Executives
Wang Yu	Directors, Directors, and Executives
Tao Li Ming	Executives
Li Xiao Qing	Executives
Zhou Chao	Directors, executives
Guo Chen	Director
Song Li Jun	Director
Jiang Ming	Independent director
Chen Bang Lian	Supervisors
Zhang Xiang	Director
Zhang Lu Yi	Supervisors
Zhu Wen	Securities Affairs Representative

Anhui Sinonet and Xinlong Science & Technology Co (SZSE:002298) Headlines

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