Nexchip Semiconductor (SHSE:688249) LT-Debt-to-Total-Asset : 0.37 (As of Mar. 2024)

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What is Nexchip Semiconductor 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. Nexchip Semiconductor's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.37.

Nexchip Semiconductor's long-term debt to total assets ratio increased from Mar. 2023 (0.27) to Mar. 2024 (0.37). It may suggest that Nexchip Semiconductor is progressively becoming more dependent on debt to grow their business.

Nexchip Semiconductor LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nexchip Semiconductor'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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Nexchip Semiconductor LT-Debt-to-Total-Asset Chart

Nexchip Semiconductor Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.44

0.37

0.23

0.26

0.24

Nexchip Semiconductor Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.27	0.21	0.18	0.24	0.37

Nexchip Semiconductor LT-Debt-to-Total-Asset Calculation

Nexchip Semiconductor'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 )
	=	11510.03	/	48156.28
	=	0.24

Nexchip Semiconductor'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 )
	=	17704.845	/	48060.61
	=	0.37

Nexchip Semiconductor (SHSE:688249) 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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Nexchip Semiconductor (SHSE:688249) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nexchip Semiconductor Corp (SHSE:688249) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 88, West Feihe Road, Hefei Comprehensive Bonded Zone, Xinzhan District, Anhui Province, Hefei, CHN, 230011

Website

https://www.nexchip.com.cn

Nexchip Semiconductor Corp is the first 12-inch wafer foundry enterprise in Anhui Province. The company focuses on semiconductor wafer production and foundry services and is committed to contributing to the improvement of domestic independent and controllable integrated circuit manufacturing capabilities, providing customers with different 150-55nm process technologies, and will introduce more advanced process technologies in the future. It is engaged in Research and development, production and sales of integrated circuit-related products and supporting products.

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