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Shenzhen Refond Optoelectronics Co (SZSE:300241) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)


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

Shenzhen Refond Optoelectronics Co's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.02). It may suggest that Shenzhen Refond Optoelectronics Co is progressively becoming less dependent on debt to grow their business.

Shenzhen Refond Optoelectronics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Refond Optoelectronics 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.

* Premium members only.

Shenzhen Refond Optoelectronics Co LT-Debt-to-Total-Asset Chart

Shenzhen Refond Optoelectronics Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.06 0.04 0.08 0.04

Shenzhen Refond Optoelectronics Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 0.04 0.04 0.03 0.02

Shenzhen Refond Optoelectronics Co LT-Debt-to-Total-Asset Calculation

Shenzhen Refond Optoelectronics 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 )
=143.989/3582.486
=0.04

Shenzhen Refond Optoelectronics Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )/Total Assets (Q: Sep. 2024 )
=66.832/3341.844
=0.02

* 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.

Shenzhen Refond Optoelectronics Co  (SZSE:300241) 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 Refond Optoelectronics Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Refond Optoelectronics Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shenzhen Refond Optoelectronics Co Ltd (SZSE:300241) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
Tenth Industrial Zone, Tianyu Community, Gongming Office, 6th Floor, Building 1, Guangming New District, Guangdong, Shenzhen, CHN, 518057
Website
http://www.refond.com
Shenzhen Refond Optoelectronics Co Ltd is a Chinese company principally engaged in offering lighting solutions. In produces and sells UV modules and components, automotive modules and components, LED special application modules, general and special lighting modules, indoor and outdoor lightings, Chip LEDs, TOP LEDs, Power LEDs, among others. The company's products are sold in China and other countries.
Executives
Ge Zhi Jian Executives
Liu Ya Fang Securities Affairs Representative
Pei Xiao Ming Executives
Jian Xiao Hua Supervisors
Gong Wei Bin Directors, executives
Hu Jian Hua Director
Zhuang Ji Li Executives
Wu Qiang Directors, executives
Peng Xiao Ling Executives
Ke Han Hua Director
Long Sheng Director
Lin Chang Directors, executives
Zhou Wen Hao Director

Shenzhen Refond Optoelectronics Co Headlines

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