Gettop Acoustic Co (SZSE:002655) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Gettop Acoustic 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. Gettop Acoustic Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Gettop Acoustic Co's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.06). It may suggest that Gettop Acoustic Co is progressively becoming less dependent on debt to grow their business.

Gettop Acoustic Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gettop Acoustic 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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Gettop Acoustic Co LT-Debt-to-Total-Asset Chart

Gettop Acoustic Co Annual Data

Trend

Dec14

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.07

Gettop Acoustic 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															0.08	0.08	0.06	0.07	0.06

Gettop Acoustic Co LT-Debt-to-Total-Asset Calculation

Gettop Acoustic 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 )
	=	95.16	/	1378.67
	=	0.07

Gettop Acoustic 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 )
	=	92.423	/	1438.793
	=	0.06

Gettop Acoustic Co (SZSE:002655) 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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Gettop Acoustic Co (SZSE:002655) Business Description

Industry

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Address

No. 68, Fengshan Road, Fangzi District, Shandong Province, Weifang, CHN

Website

http://www.gettopacoustic.com

Gettop Acoustic Co Ltd is a manufacturer of electro-acoustic components and assemblies as well as a provider of complete electro-acoustic solutions. The company is mainly focusing on the manufacturing miniature microphone, micro speaker/receiver and module products. These products are widely used in mobile communication devices, portable PC, flat panel TV, personal digital device, car kits, and other consumer electronics. The company has an operational presence across Canada, United States of America, Denmark, Finland, Brazil, Japan, Germany, among others.

Executives

Zhang Diao Zhan	Director
Yang Zhi Yong	Supervisors
Zhang Lin Lin	Director
Wang Pei Sen	Supervisors
Yang Jin Jun	Director
Yang Xu Guang	Supervisors
Zhao Du Ren	Director

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