Shenzhen Roadrover Technology Co (SZSE:002813) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Shenzhen Roadrover 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. Shenzhen Roadrover Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Shenzhen Roadrover Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.02). It may suggest that Shenzhen Roadrover Technology Co is progressively becoming more dependent on debt to grow their business.

Shenzhen Roadrover Technology Co LT-Debt-to-Total-Asset Historical Data

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

Shenzhen Roadrover Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.08

0.02

Shenzhen Roadrover 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															0.02	0.02	0.02	0.02	0.02

Shenzhen Roadrover Technology Co LT-Debt-to-Total-Asset Calculation

Shenzhen Roadrover 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 )
	=	10.611	/	511.378
	=	0.02

Shenzhen Roadrover 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 )
	=	9.537	/	483.01
	=	0.02

Shenzhen Roadrover Technology Co (SZSE:002813) 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 Roadrover Technology Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Roadrover Technology Co (SZSE:002813) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shenzhen Roadrover Technology Co Ltd (SZSE:002813) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.11, Haitian First Road, 9F, Block C, No.5 Building, Software Industrial Base, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.roadrover.cn

Shenzhen Roadrover Technology Co Ltd is an automotive electronics solution supplier. It primarily focuses on design, manufacture and distribution of car multimedia navigation system. The company provides car informatization, intelligent integrated service and intelligent travel solutions. Its other products include car audio solutions, smart seating system, power tailgate system and digital multifunctional instrument panel.

Executives

Peng Nan	Director
Chen Shou Feng	Supervisors
Yang Cheng Song	Supervisors
Zhu Yu Guang	Executives
Zhang Zong Tao	Director
Jiang Fu Cai	Directors, executives
Hu Jin Min	Executives

Shenzhen Roadrover Technology Co (SZSE:002813) Headlines

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