Cubic Sensor and Instrument Co (SHSE:688665) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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

Cubic Sensor and Instrument Co's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.01). It may suggest that Cubic Sensor and Instrument Co is progressively becoming less dependent on debt to grow their business.

Cubic Sensor and Instrument Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cubic Sensor and Instrument 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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Cubic Sensor and Instrument Co LT-Debt-to-Total-Asset Chart

Cubic Sensor and Instrument Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.01

Cubic Sensor and Instrument Co Quarterly Data
	Mar19	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															0.03	0.02	0.02	0.01	0.01

Cubic Sensor and Instrument Co LT-Debt-to-Total-Asset Calculation

Cubic Sensor and Instrument 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 )
	=	11.801	/	1242.818
	=	0.01

Cubic Sensor and Instrument 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 )
	=	11.101	/	1246.879
	=	0.01

Cubic Sensor and Instrument Co (SHSE:688665) 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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Cubic Sensor and Instrument Co (SHSE:688665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cubic Sensor and Instrument Co Ltd (SHSE:688665) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Fenghuangyuan 3rd Road, Phoenix Industrial Park, Donghu New Technology Development Zone, Hubei Province, Wuhan, CHN, 430205

Website

http://www.gassensor.com.cn

Cubic Sensor and Instrument Co Ltd is engaged in the research and development, production and sales of gas sensors and gas analysis instruments.

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