CCSC Technology International Holdings (CCSC Technology International Holdings) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2023)

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What is CCSC Technology International Holdings 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. CCSC Technology International Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.08.

CCSC Technology International Holdings's long-term debt to total assets ratio declined from Sep. 2022 (0.10) to Sep. 2023 (0.08). It may suggest that CCSC Technology International Holdings is progressively becoming less dependent on debt to grow their business.

CCSC Technology International Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for CCSC Technology International Holdings'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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CCSC Technology International Holdings LT-Debt-to-Total-Asset Chart

CCSC Technology International Holdings Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.05

0.01

0.10

CCSC Technology International Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.01	0.10	0.10	0.08

CCSC Technology International Holdings LT-Debt-to-Total-Asset Calculation

CCSC Technology International Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	1.653	/	16.963
	=	0.10

CCSC Technology International Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	1.344	/	16.512
	=	0.08

CCSC Technology International Holdings (NAS:CCTG) 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.

CCSC Technology International Holdings LT-Debt-to-Total-Asset Related Terms

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CCSC Technology International Holdings (CCSC Technology International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CCSC Technology International Holdings Ltd (NAS:CCTG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Website

CCSC Technology International Holdings Ltd is a company primarily involved in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses. They specialize in customized interconnect products, including connectors, cables and harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products.

CCSC Technology International Holdings (CCSC Technology International Holdings) Headlines

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