Tunghsu Optoelectronic Technology Co (SZSE:200413) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2023)

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What is Tunghsu Optoelectronic 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. Tunghsu Optoelectronic Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.01.

Tunghsu Optoelectronic Technology Co's long-term debt to total assets ratio declined from Sep. 2022 (0.02) to Sep. 2023 (0.01). It may suggest that Tunghsu Optoelectronic Technology Co is progressively becoming less dependent on debt to grow their business.

Tunghsu Optoelectronic Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tunghsu Optoelectronic 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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Tunghsu Optoelectronic Technology Co LT-Debt-to-Total-Asset Chart

Tunghsu Optoelectronic Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.12

0.06

0.04

0.03

0.01

Tunghsu Optoelectronic Technology Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.01	0.01	0.01	0.01

Tunghsu Optoelectronic Technology Co LT-Debt-to-Total-Asset Calculation

Tunghsu Optoelectronic Technology Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	775.793	/	65434.11
	=	0.01

Tunghsu Optoelectronic Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	495.087	/	62973.436
	=	0.01

Tunghsu Optoelectronic Technology Co (SZSE:200413) 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.

Tunghsu Optoelectronic Technology Co LT-Debt-to-Total-Asset Related Terms

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Tunghsu Optoelectronic Technology Co (SZSE:200413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tunghsu Optoelectronic Technology Co Ltd (SZSE:200413) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

000413:China

Address

1 Caiyuan Street, 0828 Securities Department, Dongxu Building, Xicheng District, Beijing, CHN, 100053

Website

http://www.dongxuguangdian.cn

Tunghsu Optoelectronic Technology Co Ltd is engaged in provision of comprehensive services for new materials, high-end equipment manufacturing and new energy vehicle manufacturing. The company engages in production and sales and after-sales service of electric vacuum glass devices and supporting electronic components and auto parts.

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