Newcapec Electronics Co (SZSE:300248) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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

Newcapec Electronics Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.02). It may suggest that Newcapec Electronics Co is progressively becoming more dependent on debt to grow their business.

Newcapec Electronics Co LT-Debt-to-Total-Asset Historical Data

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

Newcapec Electronics Co Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

Newcapec Electronics 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															0.01	0.02	0.02	0.02	0.02

Newcapec Electronics Co LT-Debt-to-Total-Asset Calculation

Newcapec Electronics 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 )
	=	53.346	/	2756.479
	=	0.02

Newcapec Electronics 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 )
	=	52.698	/	2621.44
	=	0.02

Newcapec Electronics Co (SZSE:300248) 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.

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Newcapec Electronics Co (SZSE:300248) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Newcapec Electronics Co Ltd (SZSE:300248) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Yingchun Street, High-tech Industrial Development Zone, Henan Province, Zhengzhou, CHN, 450001

Website

http://www.newcapec.net

Newcapec Electronics Co Ltd is a Chinese company engaged in the development, production, and distribution of smart card applications, which are widely used in schools, financial institutions, and the telecom industry. It offers products such as electronic payment products, identification products, smart hydropower products, radio frequency identification products, smart gas meter products and power carrier products.

Executives

Yang Wen Shou	Executives
Yang Wei Guo	Directors, executives
Fu Qiu Sheng	Directors, executives
Zhao Li Bin	Directors, executives
Du Jian Ping	Executives
Shang Wei Guo	Directors, executives
Liu En Chen	Supervisors
Fu Chang Shun	Executives
Wang Shi Qing	Independent director
Hua Meng Yang	Directors, executives
Wang Bao Ling	Supervisors
Zhao Xin	Securities Affairs Representative
Gao Jian Ming	Director

Newcapec Electronics Co (SZSE:300248) Headlines

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