Suzhou Dongshan Precision Manufacturing Co (SZSE:002384) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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What is Suzhou Dongshan Precision Manufacturing 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 Dongshan Precision Manufacturing Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.16.

Suzhou Dongshan Precision Manufacturing Co's long-term debt to total assets ratio increased from Mar. 2023 (0.15) to Mar. 2024 (0.16). It may suggest that Suzhou Dongshan Precision Manufacturing Co is progressively becoming more dependent on debt to grow their business.

Suzhou Dongshan Precision Manufacturing Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suzhou Dongshan Precision Manufacturing 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 Dongshan Precision Manufacturing Co LT-Debt-to-Total-Asset Chart

Suzhou Dongshan Precision Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.10

0.08

0.12

0.15

Suzhou Dongshan Precision Manufacturing 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															0.15	0.17	0.15	0.15	0.16

Suzhou Dongshan Precision Manufacturing Co LT-Debt-to-Total-Asset Calculation

Suzhou Dongshan Precision Manufacturing 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 )
	=	6549.08	/	44371.719
	=	0.15

Suzhou Dongshan Precision Manufacturing 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 )
	=	7046.73	/	45562.509
	=	0.15

Suzhou Dongshan Precision Manufacturing Co (SZSE:002384) 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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Suzhou Dongshan Precision Manufacturing Co (SZSE:002384) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou Dongshan Precision Manufacturing Co Ltd (SZSE:002384) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Tangdong Road, Wuzhong Economic Development Zone, Suzhou, CHN, 215124

Website

http://www.sz-dsbj.com

Suzhou Dongshan Precision Manufacturing Co Ltd is a China-based company involved in the research, development, manufacture, and sale of precision metal products. It provides precision manufacturing services for LED lighting, LCM & machine, smart device, and communication device among others.

Executives

Yuan Yong Feng	Directors, executives
Yuan Yong Gang	Director
Dan Jian Bin	Director
Wang Xu	Directors, executives
Mao Xiao Yan	Directors, Directors, and Executives
Fei Li Jian	Supervisors
Huang Li Gui	Director
Zheng Feng	Independent director
Xu Yi Min	Directors, executives
Zhou Gui Hua	Executives
Chen Xiao Yong	Director

Suzhou Dongshan Precision Manufacturing Co (SZSE:002384) Headlines

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