Guangdong Senssun Weighing Apparatus Group (SZSE:002870) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Guangdong Senssun Weighing Apparatus Group 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. Guangdong Senssun Weighing Apparatus Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Guangdong Senssun Weighing Apparatus Group's long-term debt to total assets ratio increased from Mar. 2023 (0.08) to Mar. 2024 (0.14). It may suggest that Guangdong Senssun Weighing Apparatus Group is progressively becoming more dependent on debt to grow their business.

Guangdong Senssun Weighing Apparatus Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangdong Senssun Weighing Apparatus Group'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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Guangdong Senssun Weighing Apparatus Group LT-Debt-to-Total-Asset Chart

Guangdong Senssun Weighing Apparatus Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.08

0.12

Guangdong Senssun Weighing Apparatus Group 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															0.08	0.12	0.13	0.12	0.14

Guangdong Senssun Weighing Apparatus Group LT-Debt-to-Total-Asset Calculation

Guangdong Senssun Weighing Apparatus Group'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 )
	=	927.021	/	7643.43
	=	0.12

Guangdong Senssun Weighing Apparatus Group'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 )
	=	1152.381	/	8027.095
	=	0.14

Guangdong Senssun Weighing Apparatus Group (SZSE:002870) 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.

Guangdong Senssun Weighing Apparatus Group LT-Debt-to-Total-Asset Related Terms

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Guangdong Senssun Weighing Apparatus Group (SZSE:002870) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangdong Senssun Weighing Apparatus Group Ltd (SZSE:002870) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

East of Qiwan Road,, Baishawan Industrial Park, East District, Guangdong Province, Zhongshan, CHN, 528403

Website

http://www.senssun.com

Guangdong Senssun Weighing Apparatus Group Ltd is mainly engaged in the research and development, production and sales of household health (home scale) products, commercial weighing (commercial weighing) products and intelligent measuring products. It focuses on product that includes human scales, fat scales, kitchen scales, pocket scales, luggage scales and other smart household scales; Safety traceability scales, bar code scales, electronic price scales, electronic platform scales and other intelligent commercial scales.

Executives

Zhao Yu Kun	Director
Liu Huan Guang	Directors, executives

Guangdong Senssun Weighing Apparatus Group (SZSE:002870) Headlines

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