GCL System Integration Technology Co (SZSE:002506) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is GCL System Integration 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. GCL System Integration Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

GCL System Integration Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.07). It may suggest that GCL System Integration Technology Co is progressively becoming more dependent on debt to grow their business.

GCL System Integration Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for GCL System Integration 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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GCL System Integration Technology Co LT-Debt-to-Total-Asset Chart

GCL System Integration Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.03

0.07

GCL System Integration Technology 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	0.02	0.03	0.07	0.07

GCL System Integration Technology Co LT-Debt-to-Total-Asset Calculation

GCL System Integration 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 )
	=	1350.557	/	19109.368
	=	0.07

GCL System Integration 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 )
	=	1420.114	/	20536.735
	=	0.07

GCL System Integration Technology Co (SZSE:002506) 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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GCL System Integration Technology Co (SZSE:002506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GCL System Integration Technology Co Ltd (SZSE:002506) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Industrial Park Xinqing Road on the 28th, Jiangsu Province, Suzhou, CHN

Website

http://www.gclsi.com

GCL System Integration Technology Co Ltd is an energy conglomerate specializing in clean and sustainable power production. The company offers a wide range of products for a variety of application environments, including modules of standard 60/72-piece, dual-glass, high-efficiency polysilicon PERC, and half-cell. It has a business footprint across 31 provinces, municipalities and autonomous regions of mainland China, Hong Kong, Taiwan, as well as Africa, North America, Southeast Asia and Europe.

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