Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Jiangsu Tongguang Electronic Wire and Cable 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. Jiangsu Tongguang Electronic Wire and Cable Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Jiangsu Tongguang Electronic Wire and Cable Co's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.03). It may suggest that Jiangsu Tongguang Electronic Wire and Cable Co is progressively becoming less dependent on debt to grow their business.

Jiangsu Tongguang Electronic Wire and Cable Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Tongguang Electronic Wire and Cable 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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Jiangsu Tongguang Electronic Wire and Cable Co LT-Debt-to-Total-Asset Chart

Jiangsu Tongguang Electronic Wire and Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.04

0.03

0.06

0.02

Jiangsu Tongguang Electronic Wire and Cable 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	0.05	0.02	0.02	0.03

Jiangsu Tongguang Electronic Wire and Cable Co LT-Debt-to-Total-Asset Calculation

Jiangsu Tongguang Electronic Wire and Cable 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 )
	=	76.712	/	3285.359
	=	0.02

Jiangsu Tongguang Electronic Wire and Cable 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 )
	=	108.934	/	3371.741
	=	0.03

Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) 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.

Jiangsu Tongguang Electronic Wire and Cable Co LT-Debt-to-Total-Asset Related Terms

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Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Tongguang Electronic Wire and Cable Co Ltd (SZSE:300265) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.169, Bohai Road, Jiangsu, Haimen, CHN, 226103

Website

http://www.tgjt.cn

Jiangsu Tongguang Electronic Wire and Cable Co Ltd is engaged in the production and sales of semiconductor chips, optical active, passive components, and electrical wires. The products of the company include power cable series, energy saving series, electronic cable series, and aluminium clad steel wire series.

Executives

Xue Wan Jian	Executives
Tang Zheng Guo	Independent director
Dai Qing	Director
Zhang Shu Qin	Supervisors
Jiang Yong Wei	Director
Wang Xu Guang	Directors, executives
Chen Jian Xu	Executives
Zhang Zhong	Director
Zhang Jian Ming	Supervisors
Xu Xue Ping	Supervisors

Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) Headlines

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