Newonder Special Electric Co (SZSE:301120) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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

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

Newonder Special Electric Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Newonder Special Electric 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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Newonder Special Electric Co LT-Debt-to-Total-Asset Chart

Newonder Special Electric Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Newonder Special Electric Co Quarterly Data
	Mar19	Jun19	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	0.01	0.01

Newonder Special Electric Co LT-Debt-to-Total-Asset Calculation

Newonder Special Electric 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 )
	=	8.541	/	1668.518
	=	0.01

Newonder Special Electric 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 )
	=	8.589	/	1663.846
	=	0.01

Newonder Special Electric Co (SZSE:301120) 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.

Newonder Special Electric Co LT-Debt-to-Total-Asset Related Terms

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Newonder Special Electric Co (SZSE:301120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Newonder Special Electric Co Ltd (SZSE:301120) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Yard 1, Lize Middle Road, Office A801, 8th Floor, Building 2, Chaoyang District, Beijing, CHN, 065201

Website

http://www.xinhuadu.com.cn

Newonder Special Electric Co Ltd is engaged in research and development, production and sales of various special transformers and reactors with frequency conversion transformers as the core and sales of supporting products.

Executives

Su Jing

Supervisors

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