Biwin Storage Technology Co (SHSE:688525) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Biwin Storage 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. Biwin Storage Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Biwin Storage Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Mar. 2024 (0.09). It may suggest that Biwin Storage Technology Co is progressively becoming less dependent on debt to grow their business.

Biwin Storage Technology Co LT-Debt-to-Total-Asset Historical Data

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

Biwin Storage Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.05

0.09

0.08

Biwin Storage Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.12	0.12	0.11	0.08	0.09

Biwin Storage Technology Co LT-Debt-to-Total-Asset Calculation

Biwin Storage 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 )
	=	510.572	/	6332.401
	=	0.08

Biwin Storage 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 )
	=	570.309	/	6464.751
	=	0.09

Biwin Storage Technology Co (SHSE:688525) 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.

Biwin Storage Technology Co LT-Debt-to-Total-Asset Related Terms

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Biwin Storage Technology Co (SHSE:688525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Biwin Storage Technology Co Ltd (SHSE:688525) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 1213, Liuxian Avenue, Taoyuan Street, Floor 1-3, Building 4, Building 4, Zone 2, Zhongguan Honghualing Industrial South District, Pingshan Community, Nanshan District, Guangdong, Shenzhen, CHN, 518055

Website

https://www.biwin.com.cn

Biwin Storage Technology Co Ltd focuses on the research and development and packaging and testing of memory chips. The company integrates storage medium characteristic research, firmware algorithm development, storage chip advanced packaging, storage chip test equipment R&D and algorithm development, brand operation and others. Its memory chip products are widely used in mobile smart terminals, PCs, industry terminals, data centers, smart cars, mobile storage and other information technology fields.

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