Shenzhen Sosen Electronics Co (SZSE:301002) LT-Debt-to-Total-Asset : 0.21 (As of Sep. 2024)

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What is Shenzhen Sosen Electronics 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. Shenzhen Sosen Electronics Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.21.

Shenzhen Sosen Electronics Co's long-term debt to total assets ratio declined from Sep. 2023 (0.22) to Sep. 2024 (0.21). It may suggest that Shenzhen Sosen Electronics Co is progressively becoming less dependent on debt to grow their business.

Shenzhen Sosen Electronics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Sosen Electronics 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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Shenzhen Sosen Electronics Co LT-Debt-to-Total-Asset Chart

Shenzhen Sosen Electronics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.20

0.22

Shenzhen Sosen Electronics 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															0.22	0.22	0.22	0.21	0.21

Shenzhen Sosen Electronics Co LT-Debt-to-Total-Asset Calculation

Shenzhen Sosen Electronics 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 )
	=	323.239	/	1474.616
	=	0.22

Shenzhen Sosen Electronics 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 )
	=	323.489	/	1522.115
	=	0.21

Shenzhen Sosen Electronics Co (SZSE:301002) 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 Sosen Electronics Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Sosen Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Sosen Electronics Co Ltd (SZSE:301002) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Shajing Street, Building A3, Gonghe Fourth Industrial Zone, Baoan District, Guangdong Province, Shenzhen, CHN, 518104

Website

http://www.szsosen.com

Shenzhen Sosen Electronics Co Ltd is engaged in the research and development, production and sales of medium and high-power LED drive power products.

Executives

Tian Da Yong	Supervisors
Ling Cai Meng	Supervisors
Zou Chao Yang	Directors, executives

Shenzhen Sosen Electronics Co Headlines

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