Shenzhen Minkave Technology Co (SZSE:300506) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2024)

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What is Shenzhen Minkave 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. Shenzhen Minkave Technology Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.04.

Shenzhen Minkave Technology Co's long-term debt to total assets ratio increased from Dec. 2023 (0.03) to Dec. 2024 (0.04). It may suggest that Shenzhen Minkave Technology Co is progressively becoming more dependent on debt to grow their business.

Shenzhen Minkave Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Minkave 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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Shenzhen Minkave Technology Co LT-Debt-to-Total-Asset Chart

Shenzhen Minkave Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.09

0.03

0.02

0.03

0.04

Shenzhen Minkave Technology Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.04	0.04

Shenzhen Minkave Technology Co LT-Debt-to-Total-Asset Calculation

Shenzhen Minkave Technology Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	27.956	/	792.729
	=	0.04

Shenzhen Minkave Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	27.956	/	792.729
	=	0.04

Shenzhen Minkave Technology Co (SZSE:300506) 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 Minkave Technology Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Minkave Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Minkave Technology Co Ltd (SZSE:300506) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

17/F West Coast Mansion, Nanyou Avenue, Nanshan Distric, Shenzhen, CHN, 518054

Website

http://www.minkave.com

Shenzhen Minkave Technology Co Ltd engages in the research, development, production, and sale of lighting products and in lighting engineering design. It undertakes lighting projects in urban lighting planning, tourism and cultural scenic spots, municipal landscapes, architectural lighting, high-end office buildings, large venues, high-end hotels, urban complexes, smart cities, and railways and chemical industries.

Executives

Cheng Zhi Wen	Director
Li Hai Rong	Directors, executives
Zhou Jia Kang	Secretary, Director
Cheng Zong Yu	Directors, executives
Zhang Jing Shi	Director
Yuan Yan	Secretary, Director
Peng Yin Li	Directors, executives
Liu Dong Hua	Director
Ceng Li Ru	Securities Affairs Representative

Shenzhen Minkave Technology Co Headlines

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