Suzhou Maxwell Technologies Co (SZSE:300751) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2023)

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What is Suzhou Maxwell 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. Suzhou Maxwell Technologies Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.04.

Suzhou Maxwell Technologies Co's long-term debt to total assets ratio increased from Sep. 2022 (0.01) to Sep. 2023 (0.04). It may suggest that Suzhou Maxwell Technologies Co is progressively becoming more dependent on debt to grow their business.

Suzhou Maxwell Technologies Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suzhou Maxwell 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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Suzhou Maxwell Technologies Co LT-Debt-to-Total-Asset Chart

Suzhou Maxwell Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.02

0.01

Suzhou Maxwell Technologies Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.02	0.02	0.04

Suzhou Maxwell Technologies Co LT-Debt-to-Total-Asset Calculation

Suzhou Maxwell Technologies Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	84.225	/	14526.838
	=	0.01

Suzhou Maxwell Technologies Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	883.63	/	22820.686
	=	0.04

Suzhou Maxwell Technologies Co (SZSE:300751) 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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Suzhou Maxwell Technologies Co (SZSE:300751) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Suzhou Maxwell Technologies Co Ltd (SZSE:300751) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1801, Pangjin Road, D02 Building, Pangjin Industrial Square, Economic and Technological Development Zon, Wujiang, CHN, 215200

Website

http://www.maxwell-gp.com

Suzhou Maxwell Technologies Co Ltd is a manufacturer of integrating mechanical equipment design, electrical development, software algorithm development and precision manufacturing equipment. It is primarily involved in solar cell production equipment and is the leading equipment supplier and service provider of photovoltaic industry.

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