Suzhou Jinfu Technology Co (SZSE:300128) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Suzhou Jinfu 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. Suzhou Jinfu Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Suzhou Jinfu Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Mar. 2024 (0.07). It may suggest that Suzhou Jinfu Technology Co is progressively becoming less dependent on debt to grow their business.

Suzhou Jinfu Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suzhou Jinfu 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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Suzhou Jinfu Technology Co LT-Debt-to-Total-Asset Chart

Suzhou Jinfu Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.11

0.08

Suzhou Jinfu 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															0.12	0.11	0.10	0.08	0.07

Suzhou Jinfu Technology Co LT-Debt-to-Total-Asset Calculation

Suzhou Jinfu 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 )
	=	310.111	/	3931.061
	=	0.08

Suzhou Jinfu 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 )
	=	265.938	/	3834.075
	=	0.07

Suzhou Jinfu Technology Co (SZSE:300128) 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 Jinfu Technology Co LT-Debt-to-Total-Asset Related Terms

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Suzhou Jinfu Technology Co (SZSE:300128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou Jinfu Technology Co Ltd (SZSE:300128) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Suzhou Industrial Park, China Sheng Road No. 39, Suzhou, CHN, 215126

Website

http://www.jin-fu.cn

Suzhou Jinfu Technology Co Ltd is mainly engaged in electronic manufacturing, Internet of Things cloud storage and cloud computing services. The company's main products include backlight modules (BLUs), liquid crystal modules (LCMs), photoelectrical display thin film components, testing tools and automatic equipment, heat insulation and shock-absorbing products and precision die cutting equipment, among others.

Executives

Deng Hao	Executives
Li Lei	Executives
Wang Wen De	Directors, executives
Huang Ya Fu	Director
Deng Shi Qiang	Executives
Yang Zheng	Directors, executives
Fu Guo Ping	Directors, Directors, and Executives
Ge Wei Dong	Directors, executives
Weng Zhang Qing	Executives
Yang Xiao Wei	Director
Chen Yan	Securities Affairs Representative
Shen Xiao Hua	Supervisors

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