Suzhou Nanomicro Technology Co (SHSE:688690) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Suzhou Nanomicro 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. Suzhou Nanomicro Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Suzhou Nanomicro Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.11) to Mar. 2024 (0.08). It may suggest that Suzhou Nanomicro Technology Co is progressively becoming less dependent on debt to grow their business.

Suzhou Nanomicro Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suzhou Nanomicro 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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Suzhou Nanomicro Technology Co LT-Debt-to-Total-Asset Chart

Suzhou Nanomicro Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.02

0.07

0.08

Suzhou Nanomicro Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.09	0.09	0.08	0.08

Suzhou Nanomicro Technology Co LT-Debt-to-Total-Asset Calculation

Suzhou Nanomicro 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 )
	=	173.582	/	2126.568
	=	0.08

Suzhou Nanomicro Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	172.069	/	2296.949
	=	0.07

Suzhou Nanomicro Technology Co (SHSE:688690) 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.

Suzhou Nanomicro Technology Co LT-Debt-to-Total-Asset Related Terms

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Suzhou Nanomicro Technology Co (SHSE:688690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Suzhou Nanomicro Technology Co Ltd (SHSE:688690) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 2, Baichuan Street, Industrial Park, Jiangsu Province, Suzhou, CHN

Website

http://www.nanomicrotech.com

Suzhou Nanomicro Technology Co Ltd is engaged in the high-performance nano-microsphere materials research and development, large-scale production, sales and application services.

Executives

	Core technical personnel
	Senior management, core technical personnel
Lin Sheng Yue	Director, core technical staff
Zhao Shun	Director
Hua Xiao Feng	senior management
Wang Dong	senior management
	Director, core technical staff
Wu Ai Jun	senior management
	Senior management, core technical personnel
Mou Yi Ping	Directors, senior managers
Mi Jian Qiu	senior management
Yu Xiu Zhen	Supervisors
	senior management

Suzhou Nanomicro Technology Co (SHSE:688690) Headlines

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