Mclon Jewellery Co (SZSE:300945) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Mclon Jewellery 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. Mclon Jewellery Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

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

Mclon Jewellery Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mclon Jewellery 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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Mclon Jewellery Co LT-Debt-to-Total-Asset Chart

Mclon Jewellery Co Annual Data

Trend

Dec14

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Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Mclon Jewellery 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

Mclon Jewellery Co LT-Debt-to-Total-Asset Calculation

Mclon Jewellery 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 )
	=	3.398	/	1690.73
	=	0.00

Mclon Jewellery 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 )
	=	12.08	/	1799.488
	=	0.01

Mclon Jewellery Co (SZSE:300945) 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.

Mclon Jewellery Co LT-Debt-to-Total-Asset Related Terms

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Mclon Jewellery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mclon Jewellery Co Ltd (SZSE:300945) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 198 Qidi Road, Room A-B102-473, Xiaoshan Economic and Technological Development Zone, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 311215

Website

http://www.mclon.com

Mclon Jewellery Co Ltd is involved in the jewelry retail chain business. It sells gold and silver ornaments, handicrafts, clocks and watches and other products.

Executives

Zhou Bin	Supervisors
Wu Zhang Feng	Directors, executives
Wang Juan Juan	Directors, executives
Ni Jian Wei	Supervisors

Mclon Jewellery Co Headlines

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