Goertek (SZSE:002241) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Goertek 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. Goertek's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Goertek's long-term debt to total assets ratio increased from Mar. 2023 (0.06) to Mar. 2024 (0.09). It may suggest that Goertek is progressively becoming more dependent on debt to grow their business.

Goertek LT-Debt-to-Total-Asset Historical Data

The historical data trend for Goertek'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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Goertek LT-Debt-to-Total-Asset Chart

Goertek Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.12

0.04

0.10

Goertek 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															0.06	0.09	0.09	0.10	0.09

Goertek LT-Debt-to-Total-Asset Calculation

Goertek'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 )
	=	7149.63	/	73744.409
	=	0.10

Goertek'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 )
	=	6605.269	/	70649.314
	=	0.09

Goertek (SZSE:002241) 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.

Goertek LT-Debt-to-Total-Asset Related Terms

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Goertek (SZSE:002241) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Goertek Inc (SZSE:002241) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 268 Dongfang Road, New and High Technology Industrial Development Zone, Weifang, Shandong, CHN, 261031

Website

http://www.goertek.com

Goertek Inc is engaged in precision components like acoustics, sensors, optoelectronics, 3D package modules, augmented reality, smart wear, and intelligent audio.

Executives

Jia Jun An	Directors, executives
Jiang Bin	Director
Sun Hong Bin	Supervisors
Duan Hui Lu	Directors, executives
Liu Chun Fa	Executives
Jiang Long	Directors, executives
Yu Da Chao	Executives
Gong Jian Tang	Directors, executives
Jiang Hong Zhai	Executives
Xu Hai Zhong	Directors, executives
Xiao Ming Yu	Executives
Yao Rong Guo	Supervisors
Sun Wei Hua	Directors, executives
Song Qing Lin	Supervisors
Hu Shuang Mei	Executives

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