Fibocom Wireless (SZSE:300638) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Fibocom Wireless 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. Fibocom Wireless's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Fibocom Wireless's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.07). It may suggest that Fibocom Wireless is progressively becoming less dependent on debt to grow their business.

Fibocom Wireless LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fibocom Wireless'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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Fibocom Wireless LT-Debt-to-Total-Asset Chart

Fibocom Wireless Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.10

0.06

Fibocom Wireless 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															0.14	0.13	0.06	0.06	0.07

Fibocom Wireless LT-Debt-to-Total-Asset Calculation

Fibocom Wireless'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 )
	=	417.394	/	7095.286
	=	0.06

Fibocom Wireless'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 )
	=	508.451	/	7280.038
	=	0.07

Fibocom Wireless (SZSE:300638) 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.

Fibocom Wireless LT-Debt-to-Total-Asset Related Terms

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Fibocom Wireless (SZSE:300638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fibocom Wireless Inc (SZSE:300638) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

1057 Nanhai Avenue, No. 501A, 5th Floor, Building A, Phase II, Shekou Science and Technology Building, Nanshan District, Guangdong, Shenzhen, CHN, 518067

Website

http://www.fibocom.com.cn

Fibocom Wireless Inc is a Chinese wireless communication module and solutions provider. It is focused on the development of the Internet of Things (IoT) and consumer electronics. The company brand products cover LTE, NB-IoT/eMTC, HSPA, GSM/GPRS wireless communication modules and solutions. Through IoT, the company offers solutions such as wireless payment, car networking, security monitoring, mobile internet, and smart grid.

Executives

Ying Ling Peng	Directors, executives
Zhang Tian Yu	Director
Xu Ning	Directors, executives
Deng Zhong Zhong	Executives
Chen Shi Jiang	Directors, executives

Fibocom Wireless (SZSE:300638) Headlines

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