Suzhou SLAC Precision Equipment Co (SZSE:300382) LT-Debt-to-Total-Asset : 0.25 (As of Sep. 2024)

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What is Suzhou SLAC Precision Equipment 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. Suzhou SLAC Precision Equipment Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.25.

Suzhou SLAC Precision Equipment Co's long-term debt to total assets ratio increased from Sep. 2023 (0.23) to Sep. 2024 (0.25). It may suggest that Suzhou SLAC Precision Equipment Co is progressively becoming more dependent on debt to grow their business.

Suzhou SLAC Precision Equipment Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suzhou SLAC Precision Equipment 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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Suzhou SLAC Precision Equipment Co LT-Debt-to-Total-Asset Chart

Suzhou SLAC Precision Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.16

0.12

0.16

0.24

Suzhou SLAC Precision Equipment 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															0.23	0.24	0.25	0.24	0.25

Suzhou SLAC Precision Equipment Co LT-Debt-to-Total-Asset Calculation

Suzhou SLAC Precision Equipment 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 )
	=	1025.93	/	4363.367
	=	0.24

Suzhou SLAC Precision Equipment 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 )
	=	1165.654	/	4704.258
	=	0.25

Suzhou SLAC Precision Equipment Co (SZSE:300382) 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.

Suzhou SLAC Precision Equipment Co LT-Debt-to-Total-Asset Related Terms

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Suzhou SLAC Precision Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou SLAC Precision Equipment Co Ltd (SZSE:300382) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1028 Sunwu Road, Wuzhong District, Jiangsu, Suzhou, CHN

Website

http://www.slac.com.cn

Suzhou SLAC Precision Equipment Co Ltd is a China based company engaged in the design and manufacture of equipment sets, the rebuilding and improvement of related systems and the production of equipment parts. It offers shell system, tooling system, spare parts, bodymaker, inside coater, necker, inspection system, auxiliary equipment, and others. The company sells its products in China and various other countries.

Executives

	Directors, executives
Nong Yuan	Executives

Suzhou SLAC Precision Equipment Co Headlines

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