Suzhou TFC Optical Communications Co (SZSE:300394) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Suzhou TFC Optical Communications 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. Suzhou TFC Optical Communications Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Suzhou TFC Optical Communications Co's long-term debt to total assets ratio declined from Mar. 2023 (0.00) to Mar. 2024 (0.00). It may suggest that Suzhou TFC Optical Communications Co is progressively becoming less dependent on debt to grow their business.

Suzhou TFC Optical Communications Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suzhou TFC Optical Communications 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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Suzhou TFC Optical Communications Co LT-Debt-to-Total-Asset Chart

Suzhou TFC Optical Communications Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Suzhou TFC Optical Communications 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															-	-	-	-	-

Suzhou TFC Optical Communications Co LT-Debt-to-Total-Asset Calculation

Suzhou TFC Optical Communications 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 )
	=	6.331	/	3898.223
	=	0.00

Suzhou TFC Optical Communications 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 )
	=	5.688	/	4183.094
	=	0.00

Suzhou TFC Optical Communications Co (SZSE:300394) 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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Suzhou TFC Optical Communications Co (SZSE:300394) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou TFC Optical Communications Co Ltd (SZSE:300394) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

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Address

No. 695, Changjiang Road, High-new District, Jiangsu Province, Suzhou, CHN

Website

http://www.tfcsz.com

Suzhou TFC Optical Communications Co Ltd is a fiber optical network connective component solution provider. It integrates Research and Development, production, and marketing of the products, which are widely used in telecom communication, data communication, and the Internet of things. Its products include Zirconia ceramics, CNC precision metal parts, Receptacles, Isolators, Fiber lenses, Fiber optic connectors, injection molding, and Optical fiber adaptors.

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