Wuhan Raycus Fiber Laser Technologies Co (SZSE:300747) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Wuhan Raycus Fiber Laser Technologies 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. Wuhan Raycus Fiber Laser Technologies Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Wuhan Raycus Fiber Laser Technologies Co's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.01). It may suggest that Wuhan Raycus Fiber Laser Technologies Co is progressively becoming more dependent on debt to grow their business.

Wuhan Raycus Fiber Laser Technologies Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wuhan Raycus Fiber Laser Technologies 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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Wuhan Raycus Fiber Laser Technologies Co LT-Debt-to-Total-Asset Chart

Wuhan Raycus Fiber Laser Technologies Co Annual Data

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LT-Debt-to-Total-Asset

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0.01

Wuhan Raycus Fiber Laser Technologies 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															-	0.01	0.01	0.01	0.01

Wuhan Raycus Fiber Laser Technologies Co LT-Debt-to-Total-Asset Calculation

Wuhan Raycus Fiber Laser Technologies 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 )
	=	29.584	/	5840.81
	=	0.01

Wuhan Raycus Fiber Laser Technologies 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 )
	=	30.993	/	5457.013
	=	0.01

Wuhan Raycus Fiber Laser Technologies Co (SZSE:300747) 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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Wuhan Raycus Fiber Laser Technologies Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wuhan Raycus Fiber Laser Technologies Co Ltd (SZSE:300747) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 999, Gaoxin Avenue, Donghu Development Zone, Hubei Province, Wuhan, CHN, 430073

Website

http://www.raycuslaser.com

Wuhan Raycus Fiber Laser Technologies Co Ltd is a China based company engaged in the business of research, development and scale production of high-power fiber lasers and core devices. The company's product portfolio includes short pulsed fiber laser, single module fiber laser, high-power multimode continuous laser, fiber-delivered direct diode laser and others.

Executives

Li Li Bo	Executives
Lu Kun Zhong	Directors, Directors, and Executives
Li Cheng	Executives
Yan Da Peng	Directors, executives
Li Da Jiang	Supervisors
Li Xing	Supervisors
Wang Wei	Executives
Cao Lei	Executives
Li Jie	Executives
Xu Shao Hua	Director
Lv Wei Min	Directors, executives

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