Nanjing Allfavor Electronic Co (SZSE:300964) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Nanjing Allfavor Electronic 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. Nanjing Allfavor Electronic Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Nanjing Allfavor Electronic Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.01). It may suggest that Nanjing Allfavor Electronic Co is progressively becoming more dependent on debt to grow their business.

Nanjing Allfavor Electronic Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nanjing Allfavor Electronic 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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Nanjing Allfavor Electronic Co LT-Debt-to-Total-Asset Chart

Nanjing Allfavor Electronic Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

Nanjing Allfavor Electronic Co Quarterly Data
	Dec18	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															-	-	-	0.01	0.01

Nanjing Allfavor Electronic Co LT-Debt-to-Total-Asset Calculation

Nanjing Allfavor Electronic 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 )
	=	11.999	/	1316.966
	=	0.01

Nanjing Allfavor Electronic 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 )
	=	11.405	/	1301.737
	=	0.01

Nanjing Allfavor Electronic Co (SZSE:300964) 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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Nanjing Allfavor Electronic Co (SZSE:300964) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nanjing Allfavor Electronic Co Ltd (SZSE:300964) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Kongjia Road, Lishui Economic Development Zone, Jiangsu Province, Nanjing, CHN, 211200

Website

http://www.allfavorpcb.com

Nanjing Allfavor Electronic Co Ltd is dedicated to the production and processing of printed circuit boards. The products are mainly used in communications, automobiles, electric power, electronics, communications, medical, military and other fields.

Executives

Zhou Guo Xiong	Director
Zheng Xiao Chun	Supervisors
Jiang Dong Cheng	Supervisors

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