Suzhou Victory Precision Manufacture Co (SZSE:002426) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Suzhou Victory Precision Manufacture 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 Victory Precision Manufacture Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Suzhou Victory Precision Manufacture Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.02). It may suggest that Suzhou Victory Precision Manufacture Co is progressively becoming more dependent on debt to grow their business.

Suzhou Victory Precision Manufacture Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suzhou Victory Precision Manufacture 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 Victory Precision Manufacture Co LT-Debt-to-Total-Asset Chart

Suzhou Victory Precision Manufacture Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

0.02

Suzhou Victory Precision Manufacture 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															0.01	0.02	0.03	0.02	0.02

Suzhou Victory Precision Manufacture Co LT-Debt-to-Total-Asset Calculation

Suzhou Victory Precision Manufacture 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 )
	=	150	/	7507.735
	=	0.02

Suzhou Victory Precision Manufacture 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 )
	=	167.05	/	7425.487
	=	0.02

Suzhou Victory Precision Manufacture Co (SZSE:002426) 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 Victory Precision Manufacture Co LT-Debt-to-Total-Asset Related Terms

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Suzhou Victory Precision Manufacture Co (SZSE:002426) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Victory Precision Manufacture Co Ltd (SZSE:002426) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 55 Xujing Road Xuguan, Industry Zone, Suzhou New District, Suzhou, CHN, 215151

Website

http://www.vicsz.com

Suzhou Victory Precision Manufacture Co Ltd is engaged in the business of manufacturing, designing, and selling precision mechanical parts. The products of the company are used in the television industry, notebook computers, and back covers.

Executives

Gao Yu Gen	Directors, executives
Wu Jia Fu	Directors, executives
Chen Xi	Supervisors
Bao Yan Qing	Directors, executives
Cao Hai Feng	Directors, executives
Chen Xiao Ming	Supervisors
Chen Yan Liang	Director
Gao Xue Song	Directors, executives
Xu Jia Jin	Director
Rui Yan Nian	Independent director
Zhang Hai Long	Executives

Suzhou Victory Precision Manufacture Co (SZSE:002426) Headlines

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