NAURA Technology Group Co (SZSE:002371) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is NAURA Technology 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. NAURA Technology Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

NAURA Technology Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.10) to Mar. 2024 (0.11). It may suggest that NAURA Technology Group Co is progressively becoming more dependent on debt to grow their business.

NAURA Technology Group Co LT-Debt-to-Total-Asset Historical Data

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

NAURA Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.09

0.11

NAURA Technology Group Co 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															0.10	0.11	0.11	0.11	0.11

NAURA Technology Group Co LT-Debt-to-Total-Asset Calculation

NAURA Technology 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 )
	=	5977.541	/	53624.552
	=	0.11

NAURA Technology Group 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 )
	=	6060.65	/	56256.541
	=	0.11

NAURA Technology Group Co (SZSE:002371) 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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NAURA Technology Group Co (SZSE:002371) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » NAURA Technology Group Co Ltd (SZSE:002371) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Jiuxianqiao East Road, Chao Yang District, Beijing, CHN, 100015

Website

http://www.naura.com/

NAURA Technology Group Co Ltd engages in the research, development, manufacture, sale, and service of electronic equipment and components in the People's Republic of China. The company offers semiconductor equipment, including etching equipment, PVD and CVD equipment, oxidation/diffusion equipment, cleaning equipment, novel display equipment, gas mass flow controllers, etc.; and vacuum heat treatment equipment and technical solutions for the semiconductors, photovoltaic equipment, vacuum electronic devices, magnetic materials, aerospace, and smart power grid sectors.

Executives

Li Yan Hui	Executives
Wang Xiao Ning	Directors, executives
Tao Hai Hong	Directors, executives
Tang Fei	Executives
Gu Wei Qun	Executives
Zhang Jian Hui	Director
Xu Jia Li	Directors, executives
Long Xiao Ge	Executives
Wen Dong	Executives
Li Dong Qi	Executives

NAURA Technology Group Co (SZSE:002371) Headlines

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