Nano Labs (Nano Labs) LT-Debt-to-Total-Asset : 0.35 (As of Dec. 2023)

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What is Nano Labs 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. Nano Labs's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.35.

Nano Labs's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Dec. 2023 (0.35). It may suggest that Nano Labs is progressively becoming more dependent on debt to grow their business.

Nano Labs LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nano Labs'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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Nano Labs LT-Debt-to-Total-Asset Chart

Nano Labs Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.05

0.35

Nano Labs Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				-	0.02	0.05	0.22	0.35

Nano Labs LT-Debt-to-Total-Asset Calculation

Nano Labs'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 )
	=	17.365	/	49.06
	=	0.35

Nano Labs's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	17.365	/	49.06
	=

Nano Labs (NAS:NA) 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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Nano Labs (Nano Labs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nano Labs Ltd (NAS:NA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 29, East Jiefang Road, 30th Floor, Dikaiyinzuo, Zhejiang, Hangzhou, CHN

Website

https://www.nano.cn

Nano Labs Ltd operates as a fabless IC design company and product solution provider in China. It engages in the development of HTC chips, HPC chips, distributed computing and storage solutions, smart-NICs, vision computing chips, and distributed rendering. Its products comprise Cuckoo 1.0 Chip, Cuckoo 2.0 Chip, and Darkbird 1.0 Chip. Majority of the company revenue comes from China.