Kennede Electronics MFG Co (SZSE:002723) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2024)

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What is Kennede Electronics MFG 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. Kennede Electronics MFG Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.04.

Kennede Electronics MFG Co's long-term debt to total assets ratio increased from Dec. 2023 (0.03) to Dec. 2024 (0.04). It may suggest that Kennede Electronics MFG Co is progressively becoming more dependent on debt to grow their business.

Kennede Electronics MFG Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kennede Electronics MFG 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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Kennede Electronics MFG Co LT-Debt-to-Total-Asset Chart

Kennede Electronics MFG Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

0.02

0.03

0.04

Kennede Electronics MFG 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															0.03	0.05	0.05	0.05	0.04

Kennede Electronics MFG Co LT-Debt-to-Total-Asset Calculation

Kennede Electronics MFG 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 )
	=	95.874	/	2715.64
	=	0.04

Kennede Electronics MFG 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 )
	=	95.874	/	2715.64
	=	0.04

Kennede Electronics MFG Co (SZSE:002723) 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.

Kennede Electronics MFG Co LT-Debt-to-Total-Asset Related Terms

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Kennede Electronics MFG Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Kennede Electronics MFG Co Ltd (SZSE:002723) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.21, Jintong Road, Tangxia Town, Pengjiang District, Guangdong Province, Jiangmen City, CHN, 529085

Website

https://www.kennede.com

Kennede Electronics MFG Co Ltd is a Chinese manufacturer in the field of standby lighting. It is engaged in designing, developing, manufacturing and selling lighting products. The company specializes in the research and development, production and sales of rechargeable standby lanterns and DC-AC rechargeable fans. The rechargeable standby lanterns include three series, indoor and outdoor rechargeable standby lanterns, rechargeable flashlight, fire emergency light. The DC-AC rechargeable fans include two series, DC-AC rechargeable table fan and floor fan. The company sells its products in China, and also exports it to the various other countries.

Executives

Jiang Guang Yong	Director
Liang Hui Ling	Directors, executives
Meng Fan Xi	Directors, executives
Yu Xing Qiang	Executives
Sun Ying	Executives
Li Xiao Dong	Executives
Meng Fan Xi	Directors, executives
Wu Wen Min	Supervisors
Yuan Xiao Yan	Director
Tian Chou	Directors, executives
Yang Xiao Qin	Supervisors

Kennede Electronics MFG Co Headlines

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