Hangzhou Chang Chuan Technology Co (SZSE:300604) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Hangzhou Chang Chuan 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. Hangzhou Chang Chuan Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Hangzhou Chang Chuan Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.09). It may suggest that Hangzhou Chang Chuan Technology Co is progressively becoming more dependent on debt to grow their business.

Hangzhou Chang Chuan Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hangzhou Chang Chuan 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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Hangzhou Chang Chuan Technology Co LT-Debt-to-Total-Asset Chart

Hangzhou Chang Chuan Technology Co Annual Data

Trend

Dec14

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.06

Hangzhou Chang Chuan 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															0.04	0.05	0.05	0.06	0.09

Hangzhou Chang Chuan Technology Co LT-Debt-to-Total-Asset Calculation

Hangzhou Chang Chuan 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 )
	=	347.794	/	5901.584
	=	0.06

Hangzhou Chang Chuan 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 )
	=	508.593	/	5902.396
	=	0.09

Hangzhou Chang Chuan Technology Co (SZSE:300604) 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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Hangzhou Chang Chuan Technology Co (SZSE:300604) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hangzhou Chang Chuan Technology Co Ltd (SZSE:300604) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

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Address

No. 799 Jiangshu Road, Building No.3, 1st-2nd Floor and 3rd, 4th and 5th Floor A units, Zhejiang Province, Hangzhou, CHN, 310051

Website

http://www.hzcctech.com

Hangzhou Chang Chuan Technology Co Ltd is a China based company engaged in the research and development, production and sales of integrated circuit equipment. Its product portfolio comprises of two product lines, namely Automatic sorting system and Test systems, to carry out research and development work. The Test systems product line comprises of CTA8280, CTT3280, CTT3600, CTT1000, and CTT3320. The Automatic sorting system comprises C1 series, C2 series, C3Q series, C7100/400, and C8 series, among others.

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