Shenzhen Topraysolar Co (SZSE:002218) LT-Debt-to-Total-Asset : 0.23 (As of Mar. 2024)

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What is Shenzhen Topraysolar 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. Shenzhen Topraysolar Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.23.

Shenzhen Topraysolar Co's long-term debt to total assets ratio increased from Mar. 2023 (0.12) to Mar. 2024 (0.23). It may suggest that Shenzhen Topraysolar Co is progressively becoming more dependent on debt to grow their business.

Shenzhen Topraysolar Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Topraysolar 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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Shenzhen Topraysolar Co LT-Debt-to-Total-Asset Chart

Shenzhen Topraysolar Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.04

0.02

0.09

0.20

Shenzhen Topraysolar 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															0.12	0.19	0.20	0.20	0.23

Shenzhen Topraysolar Co LT-Debt-to-Total-Asset Calculation

Shenzhen Topraysolar 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 )
	=	1333.695	/	6656.376
	=	0.20

Shenzhen Topraysolar 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 )
	=	1555.652	/	6816.618
	=	0.23

Shenzhen Topraysolar Co (SZSE:002218) 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.

Shenzhen Topraysolar Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Topraysolar Co (SZSE:002218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shenzhen Topraysolar Co Ltd (SZSE:002218) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Songbai Road, Nangang No.1 Industrial Park, Building 9 & 10, Xili, Nanshan District, Shenzhen, Guangdong, CHN, 518108

Website

http://www.topraysolar.com

Shenzhen Topraysolar Co Ltd is a solar manufacturer based in China. The company's main business operations cover the development, production, and sale of solar battery chips, components, solar application products, solar power system, solar energy absorbers and water heater system. The company has a global presence across Africa, Europe, and North America.

Executives

Chen Chen	Director
Yang Guo Qiang	Directors, executives
Li Fen Li	Director
Chen Wu Kui	Directors, executives
Jian Jin Ying	Securities Affairs Representative
Ma Xiao Gang	Supervisors

Shenzhen Topraysolar Co (SZSE:002218) Headlines

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