Tanac Automation Co (SZSE:300461) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Tanac Automation 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. Tanac Automation Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Tanac Automation Co's long-term debt to total assets ratio declined from Sep. 2023 (0.08) to Sep. 2024 (0.06). It may suggest that Tanac Automation Co is progressively becoming less dependent on debt to grow their business.

Tanac Automation Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tanac Automation 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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Tanac Automation Co LT-Debt-to-Total-Asset Chart

Tanac Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.05

0.06

0.08

Tanac Automation 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															0.08	0.08	0.07	0.06	0.06

Tanac Automation Co LT-Debt-to-Total-Asset Calculation

Tanac Automation 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 )
	=	68.71	/	921.568
	=	0.07

Tanac Automation 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 )
	=	53.467	/	978.528
	=	0.05

Tanac Automation Co (SZSE:300461) 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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Tanac Automation Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tanac Automation Co Ltd (SZSE:300461) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.398, Xinjing Road, Yaozhuang Industrial Park, Zhejiang Province, Jiashan, CHN, 314117

Website

http://www.tanac.com.cn

Tanac Automation Co Ltd manufactures and designs winding machines. The company provides full automation solutions to the consumer electronics industry. In the automotive industry, it provides automatic or semi-automatic assembly, automotive electronic functional testing and other professional fine solutions for the related auto parts manufacturers. The company also provides solutions to the healthcare industry and logistics industry.

Executives

Zhang Yu Long	Directors, executives
Qian Cheng Lin	Director
Teng Ye Kang Cheng	Directors, executives
Xu Yao Sheng	Director

Tanac Automation Co Headlines

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