Dongguan Golden Sun Abrasives Co (SZSE:300606) LT-Debt-to-Total-Asset : 0.12 (As of Sep. 2024)

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What is Dongguan Golden Sun Abrasives 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. Dongguan Golden Sun Abrasives Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.12.

Dongguan Golden Sun Abrasives Co's long-term debt to total assets ratio increased from Sep. 2023 (0.04) to Sep. 2024 (0.12). It may suggest that Dongguan Golden Sun Abrasives Co is progressively becoming more dependent on debt to grow their business.

Dongguan Golden Sun Abrasives Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dongguan Golden Sun Abrasives 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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Dongguan Golden Sun Abrasives Co LT-Debt-to-Total-Asset Chart

Dongguan Golden Sun Abrasives 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

0.02

0.06

Dongguan Golden Sun Abrasives 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															0.04	0.06	0.10	0.11	0.12

Dongguan Golden Sun Abrasives Co LT-Debt-to-Total-Asset Calculation

Dongguan Golden Sun Abrasives 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 )
	=	69.511	/	1105.862
	=	0.06

Dongguan Golden Sun Abrasives 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 )
	=	130.401	/	1116.747
	=	0.12

Dongguan Golden Sun Abrasives Co (SZSE:300606) 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.

Dongguan Golden Sun Abrasives Co LT-Debt-to-Total-Asset Related Terms

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Dongguan Golden Sun Abrasives Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dongguan Golden Sun Abrasives Co Ltd (SZSE:300606) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Dahuan Road, Dalingshan Town, Guangdong Province, Dongguan, CHN, 523826

Website

http://www.chinagoldensun.cn

Dongguan Golden Sun Abrasives Co Ltd is based in China. The company is mainly engaged in the research and development, production and sales of polishing materials, high-end intelligent equipment and precision structural parts manufacturing services, providing customers with comprehensive solutions for precision grinding and polishing and precision structural parts manufacturing.

Executives

Du Zhang Bo	Director
Yang Wei	Directors, executives
Fang Hong	Directors, executives
Liu Yi Biao	Directors, executives
Du Yan Yan	Secretary Dong
Nong Zhong Chao	Executives
Zhu Yuan Ji	Executives
Yan Xin Ting	Supervisors
Yang Lu	Directors, executives
Li Ya Bin	Supervisors
Xu Man	Director

Dongguan Golden Sun Abrasives Co Headlines

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