Shanghai Longcheer Technology Co (SHSE:603341) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Shanghai Longcheer 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. Shanghai Longcheer Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Shanghai Longcheer Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.04). It may suggest that Shanghai Longcheer Technology Co is progressively becoming more dependent on debt to grow their business.

Shanghai Longcheer Technology Co LT-Debt-to-Total-Asset Historical Data

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

Shanghai Longcheer Technology Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.02

0.05

Shanghai Longcheer Technology Co Quarterly Data
	Dec12	Dec13	Dec14	Jun15	Dec15	Dec16	Jun17	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													-	0.04	0.04	0.05	0.04

Shanghai Longcheer Technology Co LT-Debt-to-Total-Asset Calculation

Shanghai Longcheer Technology Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	655.03	/	14530.474
	=	0.05

Shanghai Longcheer 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 )
	=	898.162	/	23937.843
	=	0.04

Shanghai Longcheer Technology Co (SHSE:603341) 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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Shanghai Longcheer Technology Co (SHSE:603341) Business Description

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