Seres Group Co (SHSE:601127) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Seres Group 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. Seres Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Seres Group Co's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.03). It may suggest that Seres Group Co is progressively becoming less dependent on debt to grow their business.

Seres Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Seres Group 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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Seres Group Co LT-Debt-to-Total-Asset Chart

Seres Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.07

0.04

0.06

Seres Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.06	0.04	0.03	0.03

Seres Group Co LT-Debt-to-Total-Asset Calculation

Seres Group 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 )
	=	3081.531	/	51244.671
	=	0.06

Seres Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	2371.46	/	91537.502
	=	0.03

Seres Group Co (SHSE:601127) 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.

Seres Group Co LT-Debt-to-Total-Asset Related Terms

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Seres Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Seres Group Co Ltd (SHSE:601127) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Wuyunhu Road, Shapingba District, Chongqing, CHN, 401335

Website

http://www.sokon.com

Seres Group Co Ltd is engaged in the research and development, production, sales and service of complete vehicles, engines and parts.

Executives

Liu Chang Dong	Director
Shen Wei	senior management
Duan Wei	senior management
Liu Lian	senior management
Meng Gang	senior management
Cen Yuan Chuan	Director
Chen Yu Qi	senior management
Ma Jian Chang	Director

Seres Group Co Headlines

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