United Nova Technology Co (SHSE:688469) LT-Debt-to-Total-Asset : 0.28 (As of Mar. 2024)

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What is United Nova 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. United Nova Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.28.

United Nova Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.35) to Mar. 2024 (0.28). It may suggest that United Nova Technology Co is progressively becoming less dependent on debt to grow their business.

United Nova Technology Co LT-Debt-to-Total-Asset Historical Data

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

United Nova Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.21

0.36

0.37

0.21

United Nova Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.35	0.23	0.20	0.21	0.28

United Nova Technology Co LT-Debt-to-Total-Asset Calculation

United Nova 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 )
	=	6735.149	/	31570.366
	=	0.21

United Nova 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 )
	=	9935.895	/	34947.66
	=	0.28

United Nova Technology Co (SHSE:688469) 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.

United Nova Technology Co LT-Debt-to-Total-Asset Related Terms

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United Nova Technology Co (SHSE:688469) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » United Nova Technology Co Ltd (SHSE:688469) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 518 Linjiang Road, Gaobu Street, Yuecheng District, Zhejiang Province, Shaoxing, CHN, 312000

Website

https://www.smecs.com

United Nova Technology Co Ltd formerly Semiconductor Manufacturing Electronics (Shaoxing) Corp provides foundry services focusing on technology solutions for power, connection and sensor signal chains. On top of wafer foundry service, SMEC also extended its foundry service to module packages in order to support semiconductor companies with a one-stop solution. SMEC provides a complete manufacturing platform to support customer mass production as well as technology development.

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