Triumph Science & Technology Co (SHSE:600552) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Triumph Science & 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. Triumph Science & Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Triumph Science & Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.15) to Mar. 2024 (0.12). It may suggest that Triumph Science & Technology Co is progressively becoming less dependent on debt to grow their business.

Triumph Science & Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Triumph Science & 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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Triumph Science & Technology Co LT-Debt-to-Total-Asset Chart

Triumph Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.07

0.12

0.11

0.10

Triumph Science & Technology 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															0.15	0.13	0.12	0.10	0.12

Triumph Science & Technology Co LT-Debt-to-Total-Asset Calculation

Triumph Science & 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 )
	=	976.382	/	10233.347
	=	0.10

Triumph Science & 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 )
	=	1196.812	/	10375.016
	=	0.12

Triumph Science & Technology Co (SHSE:600552) 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.

Triumph Science & Technology Co LT-Debt-to-Total-Asset Related Terms

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Triumph Science & Technology Co (SHSE:600552) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Triumph Science & Technology Co Ltd (SHSE:600552) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8009 Huangshan Road, Gaoxin District, Anhui Province, Handan City, CHN, 233010

Website

http://www.fangxingkj.com

Triumph Science & Technology Co Ltd manufactures and sells glass & new materials. Its products include ITO conductive film glass, composite coated glass, float glass & glass deep-processing products.

Executives

Huang Xiao Ting	Director
Ou Mu Lan	senior management
Shu An Jun	Director
Wang Yong He	senior management
Zhang Shao Bo	senior management
Ni Zhi Sen	Director
Xia Ning	Director
Sun Lei	senior management
Li Jie Song	Supervisors
Mao Ling Wen	Director
Zhou Ming	Supervisors
Lin Shan	Supervisors
Yin Chuan Wei	Director
Jie Zhang Qing	Director
Chen Yong	Supervisors

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