Shenzhen MinDe Electronics Technology (SZSE:300656) LT-Debt-to-Total-Asset : 0.12 (As of Sep. 2024)

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What is Shenzhen MinDe Electronics 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 MinDe Electronics Technology's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.12.

Shenzhen MinDe Electronics Technology's long-term debt to total assets ratio declined from Sep. 2023 (0.14) to Sep. 2024 (0.12). It may suggest that Shenzhen MinDe Electronics Technology is progressively becoming less dependent on debt to grow their business.

Shenzhen MinDe Electronics Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen MinDe Electronics 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 MinDe Electronics Technology LT-Debt-to-Total-Asset Chart

Shenzhen MinDe Electronics Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.05

0.13

Shenzhen MinDe Electronics 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															0.14	0.13	0.12	0.12	0.12

Shenzhen MinDe Electronics Technology LT-Debt-to-Total-Asset Calculation

Shenzhen MinDe Electronics 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 )
	=	222.053	/	1762.252
	=	0.13

Shenzhen MinDe Electronics 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 )
	=	192.245	/	1666.825
	=	0.12

Shenzhen MinDe Electronics Technology (SZSE:300656) 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 MinDe Electronics Technology LT-Debt-to-Total-Asset Related Terms

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Shenzhen MinDe Electronics Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shenzhen MinDe Electronics Technology Ltd (SZSE:300656) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.5, Kezhi Xi Road, 5th Floor, Section 1, 25th Block, Keji Yuan, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.mindeo.cn

Shenzhen MinDe Electronics Technology Ltd is a Chinese company engaged in designing, developing and manufacturing barcode scan instruments. Its products include handheld barcode scanners, cordless barcode scanners, scan engines, image platform, and lightweight data terminal, among others. The application domains are manufacturing, retailing, postage, logistic and medical services. It has customers in China and in various other countries.

Executives

Huang Xiao Dong	Directors, executives
Gao Jian	Directors, executives
Luo Yuan Xiong	Supervisors
Zou Shan Feng	Director
Fan Zhang Zheng	Directors, executives
Yi Yang Qing	Directors, executives
Bai Nan	Supervisors
Chen Guo Bing	Securities Affairs Representative
Xu Wen Huan	Directors, executives

Shenzhen MinDe Electronics Technology Headlines

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