Shanghai Smart Control Co (SZSE:001266) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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

Shanghai Smart Control Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.08). It may suggest that Shanghai Smart Control Co is progressively becoming more dependent on debt to grow their business.

Shanghai Smart Control Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Smart Control 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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Shanghai Smart Control Co LT-Debt-to-Total-Asset Chart

Shanghai Smart Control Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.01

Shanghai Smart Control Co Quarterly Data
	Dec18	Dec19	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											0.01	0.02	0.01	0.01	0.08

Shanghai Smart Control Co LT-Debt-to-Total-Asset Calculation

Shanghai Smart Control 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 )
	=	15.058	/	1171.751
	=	0.01

Shanghai Smart Control 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 )
	=	112.178	/	1371.717
	=	0.08

Shanghai Smart Control Co (SZSE:001266) 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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Shanghai Smart Control Co (SZSE:001266) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai Smart Control Co Ltd (SZSE:001266) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 4268, Zhennan Road, Room J11387, Building 2, Jiading District, Shanghai, CHN, 201802

Website

https://www.smartsh.com

Shanghai Smart Control Co Ltd is engaged in the research and development, production and sales of intelligent electronic control products and intelligent electronic control assemblies.

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