Chongqing Millison Technologies (SZSE:301307) LT-Debt-to-Total-Asset : 0.12 (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Chongqing Millison Technologies 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. Chongqing Millison Technologies's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.12.

Chongqing Millison Technologies's long-term debt to total assets ratio increased from Sep. 2023 (0.06) to Sep. 2024 (0.12). It may suggest that Chongqing Millison Technologies is progressively becoming more dependent on debt to grow their business.

Chongqing Millison Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chongqing Millison Technologies'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.

Chongqing Millison Technologies LT-Debt-to-Total-Asset Chart

Chongqing Millison Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.08

0.09

0.17

0.06

Chongqing Millison Technologies Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.06	0.06	0.11	0.10	0.12

Chongqing Millison Technologies LT-Debt-to-Total-Asset Calculation

Chongqing Millison Technologies'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 )
	=	337.007	/	5697.468
	=	0.06

Chongqing Millison Technologies'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 )
	=	815.5	/	6588.142
	=	0.12

Chongqing Millison Technologies (SZSE:301307) 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.

Chongqing Millison Technologies LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Chongqing Millison Technologies's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Chongqing Millison Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Millison Technologies Inc (SZSE:301307) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1 and No. 2, No. 1, Tian'an Road, Banan District, Chongqing, CHN, 401320

Website

http://www.millison.com.cn

Chongqing Millison Technologies Inc is engaged in the research and development, production and sales of aluminum alloy precision die-casting parts in the communication field and the automotive field.

Executives

Feng Cheng Long

Supervisors

Chongqing Millison Technologies Headlines

No Headlines