Xiamen Hongxin Electronics Technology Group (SZSE:300657) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Xiamen Hongxin Electronics Technology Group 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. Xiamen Hongxin Electronics Technology Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.03.

Xiamen Hongxin Electronics Technology Group's long-term debt to total assets ratio declined from Dec. 2023 (0.04) to Dec. 2024 (0.03). It may suggest that Xiamen Hongxin Electronics Technology Group is progressively becoming less dependent on debt to grow their business.

Xiamen Hongxin Electronics Technology Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xiamen Hongxin Electronics Technology Group'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.

* Premium members only.

Xiamen Hongxin Electronics Technology Group LT-Debt-to-Total-Asset Chart

Xiamen Hongxin Electronics Technology Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.16

0.09

0.11

0.04

0.03

Xiamen Hongxin Electronics Technology Group 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															0.04	0.04	0.03	0.09	0.03

Xiamen Hongxin Electronics Technology Group LT-Debt-to-Total-Asset Calculation

Xiamen Hongxin Electronics Technology Group'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 )
	=	213.01	/	6606.706
	=	0.03

Xiamen Hongxin Electronics Technology Group'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 )
	=	213.01	/	6606.706
	=	0.03

Xiamen Hongxin Electronics Technology Group (SZSE:300657) 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.

Xiamen Hongxin Electronics Technology Group LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Xiamen Hongxin Electronics Technology Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Xiamen Hongxin Electronics Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiamen Hongxin Electronics Technology Group Inc (SZSE:300657) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

19 Xianghai Road, 3rd Floor, No 1 plant, Torch Hi-tech Zone (Xiangan) Industrial Zone, Fujian Province, Xiamen, CHN, 361100

Website

http://www.fpc98.com

Xiamen Hongxin Electronics Technology Group Inc is a China-based company engaged in designing, manufacturing, and selling Flexible Printed Circuit boards (FPC). The company-produced FPC is used as supportive services for mobile communication and various kinds of consumer electronic products. Its product portfolio covers thin double-sided FPC, wearable FPC, LCD module class, CCM module class, and hardboard, among others.

Executives

Li Yi Feng	Directors, executives
Fu Zhong Hong	Director
Kong Zhi Bin	Directors, executives
Wang Yi	Director
Li Qiang	Director

Xiamen Hongxin Electronics Technology Group Headlines

No Headlines