J Pond Precision Technology Co (SZSE:301326) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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

J Pond Precision Technology Co's long-term debt to total assets ratio declined from Sep. 2023 (0.02) to Sep. 2024 (0.01). It may suggest that J Pond Precision Technology Co is progressively becoming less dependent on debt to grow their business.

J Pond Precision Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for J Pond Precision Technology 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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J Pond Precision Technology Co LT-Debt-to-Total-Asset Chart

J Pond Precision Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.05

0.02

J Pond Precision Technology Co Quarterly Data
	Dec18	Dec19	Dec20	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												0.02	0.02	0.02	0.01	0.01

J Pond Precision Technology Co LT-Debt-to-Total-Asset Calculation

J Pond Precision Technology 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 )
	=	25.412	/	1612.27
	=	0.02

J Pond Precision Technology 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 )
	=	19.069	/	1728.798
	=	0.01

J Pond Precision Technology Co (SZSE:301326) 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.

J Pond Precision Technology Co LT-Debt-to-Total-Asset Related Terms

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J Pond Precision Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » J Pond Precision Technology Co Ltd (SZSE:301326) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 1, R&D 1st Road, Songshan Lake Park, Room 201, Building 1, Guangdong Province, Dongguan, CHN, 523808

Website

http://www.jpond.com.cn

J Pond Precision Technology Co Ltd is engaged in the design, development, production and sales of precision functional parts and structural parts.

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