Shenzhen Kingsino Technology Co (SZSE:002548) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Shenzhen Kingsino 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. Shenzhen Kingsino Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Shenzhen Kingsino Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.16) to Mar. 2024 (0.15). It may suggest that Shenzhen Kingsino Technology Co is progressively becoming less dependent on debt to grow their business.

Shenzhen Kingsino Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Kingsino 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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Shenzhen Kingsino Technology Co LT-Debt-to-Total-Asset Chart

Shenzhen Kingsino Technology 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

0.15

0.24

0.16

0.15

Shenzhen Kingsino Technology 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															0.16	0.15	0.17	0.15	0.15

Shenzhen Kingsino Technology Co LT-Debt-to-Total-Asset Calculation

Shenzhen Kingsino 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 )
	=	905.616	/	5983.409
	=	0.15

Shenzhen Kingsino 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 )
	=	854.236	/	5782.479
	=	0.15

Shenzhen Kingsino Technology Co (SZSE:002548) 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.

Shenzhen Kingsino Technology Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Kingsino Technology Co (SZSE:002548) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shenzhen Kingsino Technology Co Ltd (SZSE:002548) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Shenzhen High-tech Industrial Park Road, 18 Photoelectric Jin Xinnong Building, Guangming District, Guangming New District, Shenzhen, CHN, 518106

Website

http://www.kingsino.cn

Shenzhen Kingsino Technology Co Ltd formerly known as Shenzhen Jinxinnong Technology Co Ltd is engaged in the business of pig feed research and production, breeding pig breeding, animal protection veterinary drugs and Internet communication technology.

Executives

Tang Fei Bing	Executives
Qian Zi Long	Executives
Di Wei Bing	Directors, executives
Chen Wen Bin	Executives
Chen Jun Hai	Director
Zhao Zu Kai	Executives
Wang Jian Neng	Directors, executives
Yang Hua Lin	Supervisors
Li Xue	Director
Lin Xue	Supervisors
Cai Zhang Xing	Director
Liu Chao	Supervisors
Li Bin	Independent director
Zhang Guo En	Supervisors
Liu Yang	Executives

Shenzhen Kingsino Technology Co (SZSE:002548) Headlines

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