Nancal Technology Co (SHSE:603859) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Nancal 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. Nancal Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Nancal Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Nancal Technology Co is progressively becoming more dependent on debt to grow their business.

Nancal Technology Co LT-Debt-to-Total-Asset Historical Data

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

Nancal Technology Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Nancal 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															0.01	0.02	0.02	0.01	0.01

Nancal Technology Co LT-Debt-to-Total-Asset Calculation

Nancal 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 )
	=	54.06	/	3782.797
	=	0.01

Nancal 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 )
	=	53.091	/	3825.852
	=	0.01

Nancal Technology Co (SHSE:603859) 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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Nancal Technology Co (SHSE:603859) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nancal Technology Co Ltd (SHSE:603859) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Guba Road, Chengguan Street, Fangshan District, No 9, Beijing, CHN, 100193

Website

http://www.nancal.com

Nancal Technology Co Ltd provides energy saving and intelligent manufacturing hardware and software integrated solutions for industrial enterprises in China. The company operates through the following business division Smart Electrical, Smart Charging and Smart Manufacturing. Its products are applied in the fields of petrochemical industry, iron and steel metallurgy, coal mining, aviation equipment and power new energy.

Executives

Yu Sheng Tao	Director
Sun Jun Jie	senior management
Zhao Lan	Directors, senior managers
Lan Li Peng	Director

Nancal Technology Co (SHSE:603859) Headlines

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