Shenzhen Fluence Technology (SZSE:300647) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)

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What is Shenzhen Fluence Technology 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 Fluence Technology's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.09.

Shenzhen Fluence Technology's long-term debt to total assets ratio declined from Sep. 2023 (0.09) to Sep. 2024 (0.09). It may suggest that Shenzhen Fluence Technology is progressively becoming less dependent on debt to grow their business.

Shenzhen Fluence Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Fluence Technology'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 Fluence Technology LT-Debt-to-Total-Asset Chart

Shenzhen Fluence Technology 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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0.05

0.04

0.07

Shenzhen Fluence Technology 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															0.09	0.07	0.07	0.07	0.09

Shenzhen Fluence Technology LT-Debt-to-Total-Asset Calculation

Shenzhen Fluence Technology'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 )
	=	164.217	/	2238.707
	=	0.07

Shenzhen Fluence Technology'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 )
	=	187.447	/	2197.137
	=	0.09

Shenzhen Fluence Technology (SZSE:300647) 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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Shenzhen Fluence Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Fluence Technology PLC (SZSE:300647) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 475, Huangge North Road, A701, Building 1, Entrepreneurship Park, Longgang District, Shenzhen, CHN, 518172

Website

http://www.pccooler.cn

Shenzhen Fluence Technology PLC is involved in the research, development, manufacture and sales of radiators and heatsinks for electronic products. In addition, it also provides heat dissipating solutions for PC and LED, and comprehensive after-sales services. The company's product offerings include CPU radiator, VGA radiator, LED heatsinks and other related accessories.

Executives

Huang Hai Yan	Executives
Liu Wei Hong	Executives
Wang Jun	Directors, executives
Lei Jin Hua	Executives
Zhang Zheng Hua	Directors, executives
Li Guang Yao	Directors, executives
Dai Yong Xiang	Director
Ye Wei Xin	Directors, executives
Du Jian Jun	Directors, executives
Shuai Wei	Supervisors
Luo Li Yun	Securities Affairs Representative
Mao Song	Executives
Liu Hu	Supervisors

Shenzhen Fluence Technology Headlines

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