Anhui Tatfook Technology Co (SZSE:300134) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Anhui Tatfook 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. Anhui Tatfook Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Anhui Tatfook Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.05). It may suggest that Anhui Tatfook Technology Co is progressively becoming less dependent on debt to grow their business.

Anhui Tatfook Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Anhui Tatfook 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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Anhui Tatfook Technology Co LT-Debt-to-Total-Asset Chart

Anhui Tatfook 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

0.02

0.06

0.05

Anhui Tatfook 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															0.06	0.06	0.06	0.05	0.05

Anhui Tatfook Technology Co LT-Debt-to-Total-Asset Calculation

Anhui Tatfook 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 )
	=	332.527	/	6499.074
	=	0.05

Anhui Tatfook 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 )
	=	320.078	/	6221.352
	=	0.05

Anhui Tatfook Technology Co (SZSE:300134) 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.

Anhui Tatfook Technology Co LT-Debt-to-Total-Asset Related Terms

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Anhui Tatfook Technology Co (SZSE:300134) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Anhui Tatfook Technology Co Ltd (SZSE:300134) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Haoxiang Road, Shajing Industrial Company, No. 3 Industrial Zone, Shajing, Baoan District, Shenzhen, CHN, 518104

Website

http://www.tatfook.com

Anhui Tatfook Technology Co Ltd is a national high-tech enterprise integrating product research and development, production and sales. The company focuses on the main businesses of mobile communications, intelligent terminals, and automobiles, and has established stable cooperation with such globally renowned companies as Huawei, Ericsson, CommScope, Apple, and Bosch. Products and services offered by the company include consumer electronics, intelligent terminal products, graphite products, among others.

Executives

Liu Yun Jie

Director

Anhui Tatfook Technology Co (SZSE:300134) Headlines

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