Ningbo Kangqiang Electronics Co (SZSE:002119) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Ningbo Kangqiang Electronics 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. Ningbo Kangqiang Electronics Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Ningbo Kangqiang Electronics Co's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.00). It may suggest that Ningbo Kangqiang Electronics Co is progressively becoming less dependent on debt to grow their business.

Ningbo Kangqiang Electronics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ningbo Kangqiang Electronics 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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Ningbo Kangqiang Electronics Co LT-Debt-to-Total-Asset Chart

Ningbo Kangqiang Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.06

0.02

0.04

Ningbo Kangqiang Electronics Co Quarterly Data
	Jun19	Sep19	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															0.05	-	0.02	-	-

Ningbo Kangqiang Electronics Co LT-Debt-to-Total-Asset Calculation

Ningbo Kangqiang Electronics 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 )
	=	0	/	2318.443
	=	0.00

Ningbo Kangqiang Electronics 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 )
	=	0	/	2342.551
	=	0.00

Ningbo Kangqiang Electronics Co (SZSE:002119) 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.

Ningbo Kangqiang Electronics Co LT-Debt-to-Total-Asset Related Terms

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Ningbo Kangqiang Electronics Co (SZSE:002119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ningbo Kangqiang Electronics Co Ltd (SZSE:002119) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25 Kangqiang Road, Panhuo Industrial Zone, Yinzhou, Ningbo, Zhejiang, CHN, 315105

Website

http://www.kangqiang.com

Ningbo Kangqiang Electronics Co Ltd is engaged in the manufacture, research and development, and sale of semiconductor packaging materials. The company mainly produces special equipment demanded by various semiconductor encapsulation lead frames, bonding wires, wire electrodes and production framework, and other products.

Executives

Zheng Kang Ding	Director
Yin Xia Rong	Executives
Xiong Xu Qiang	Director
Feng Xiao Long	Executives
Du Jiang Xia	Supervisors
Liu Jun Liang	Director

Ningbo Kangqiang Electronics Co (SZSE:002119) Headlines

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