Shaanxi Fenghuo Electronics Co (SZSE:000561) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Shaanxi Fenghuo Electronics 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. Shaanxi Fenghuo Electronics Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Shaanxi Fenghuo Electronics Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.03). It may suggest that Shaanxi Fenghuo Electronics Co is progressively becoming more dependent on debt to grow their business.

Shaanxi Fenghuo Electronics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shaanxi Fenghuo Electronics 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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Shaanxi Fenghuo Electronics Co LT-Debt-to-Total-Asset Chart

Shaanxi Fenghuo Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.02

0.03

Shaanxi Fenghuo Electronics 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															0.02	0.01	0.02	0.03	0.03

Shaanxi Fenghuo Electronics Co LT-Debt-to-Total-Asset Calculation

Shaanxi Fenghuo Electronics 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 )
	=	107.839	/	4308.331
	=	0.03

Shaanxi Fenghuo Electronics 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 )
	=	107.472	/	4039.648
	=	0.03

Shaanxi Fenghuo Electronics Co (SZSE:000561) 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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Shaanxi Fenghuo Electronics Co (SZSE:000561) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shaanxi Fenghuo Electronics Co Ltd (SZSE:000561) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 75 Qingjiang Road, Shaanxi Province, Baoji, CHN, 721006

Website

http://www.fenghuo.cn

Shaanxi Fenghuo Electronics Co Ltd is mainly engaged in the production, distribution and installation of electronic products and radio communication equipment. The company is also involved in the construction of related information systems in China.

Executives

Li Pei Feng	Directors, executives
Li Peng	Executives
Zhao Lan Ping	Directors, executives
Xie Xie	Executives
Tang Da Kai	Director
Song Tao	Director
Sang Zhi Ming	Executives
Zhang Guang Xu	Directors, executives
Yang Ting Ting	Securities Affairs Representative
Dang Huai Bin	Supervisors
Tan Yue Cheng	Director
Wang Zhi Jie	Executives
Li Rong Jia	Director
Bai Hai Jun	Supervisors
Zhang Li Jun	Supervisors

Shaanxi Fenghuo Electronics Co (SZSE:000561) Headlines

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