Huaqin Technology Co (SHSE:603296) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Huaqin 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. Huaqin Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Huaqin Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.07) to Mar. 2024 (0.02). It may suggest that Huaqin Technology Co is progressively becoming less dependent on debt to grow their business.

Huaqin Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Huaqin 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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Huaqin Technology Co LT-Debt-to-Total-Asset Chart

Huaqin Technology Co Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.08

0.03

Huaqin Technology Co Quarterly Data
	Dec11	Mar12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.06	0.03	0.03	0.02

Huaqin Technology Co LT-Debt-to-Total-Asset Calculation

Huaqin 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 )
	=	1614.146	/	51509.638
	=	0.03

Huaqin 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 )
	=	1196.146	/	51825.892
	=	0.02

Huaqin Technology Co (SHSE:603296) 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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Huaqin Technology Co (SHSE:603296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Huaqin Technology Co Ltd (SHSE:603296) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Building 1, No. 399 Keyuan Road, China (Shanghai) Pilot Free Trade Zone, Pudong New Area, Shanghai, CHN, 201203

Website

https://www.huaqin.com

Huaqin Technology Co Ltd is engaged in the research & development, design, manufacturing and operation of intelligent hardware products. The company provides global technology brand customers with end-to-end services at product level, system level, software and hardware research and development, and operation and manufacturing.

Executives

Wu Zhen Hai	Directors, senior managers
Qiu Wen Sheng	Directors, senior managers

Huaqin Technology Co (SHSE:603296) Headlines

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