Shenzhen INVT Electric Co (SZSE:002334) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2024)

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What is Shenzhen INVT Electric 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 INVT Electric Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.06.

Shenzhen INVT Electric Co's long-term debt to total assets ratio increased from Dec. 2023 (0.05) to Dec. 2024 (0.06). It may suggest that Shenzhen INVT Electric Co is progressively becoming more dependent on debt to grow their business.

Shenzhen INVT Electric Co LT-Debt-to-Total-Asset Historical Data

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

Shenzhen INVT Electric Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.04

0.05

0.06

Shenzhen INVT Electric Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.05	0.05	0.05	0.06

Shenzhen INVT Electric Co LT-Debt-to-Total-Asset Calculation

Shenzhen INVT Electric Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	293.988	/	5320.711
	=	0.06

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

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	293.988	/	5320.711
	=	0.06

Shenzhen INVT Electric Co (SZSE:002334) 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 INVT Electric Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen INVT Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen INVT Electric Co Ltd (SZSE:002334) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.4 Building, Gaofa Industrial Park, Long Nanshan District, Shenzhen, CHN, 518055

Website

http://www.invt.com.cn

Shenzhen INVT Electric Co Ltd is an industrial automation and energy power products and service providers. Its business areas cover electrical drive, industrial control, traffic traction, new energy vehicle drive, power, robot and intelligent manufacturing and others. Geographically the activities are carried out through China.

Executives

Huang Shen Li	Director
Yan Guang Min	Directors, executives
Zhang Ke Meng	Directors, executives
Zhang Qing	Directors, executives
Li Ying	Directors, executives
Yang Lin	Director
Sun Bo	Supervisors
Jia Jun	Director
Zhang Bo	Director, Supervisor
Wang Xue Li	Directors, executives
Liu Ji Dong	Director
Zhu Dong Chan	Supervisors
Tang Yi Bo	Supervisors
Liu Ling Fang	Securities Affairs Representative

Shenzhen INVT Electric Co Headlines

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