Shenzhen Fine Made Electronics Group Co (SZSE:300671) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Shenzhen Fine Made Electronics Group 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 Fine Made Electronics Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Shenzhen Fine Made Electronics Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.04). It may suggest that Shenzhen Fine Made Electronics Group Co is progressively becoming less dependent on debt to grow their business.

Shenzhen Fine Made Electronics Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Fine Made Electronics Group 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 Fine Made Electronics Group Co LT-Debt-to-Total-Asset Chart

Shenzhen Fine Made Electronics Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.02

0.05

0.02

0.05

Shenzhen Fine Made Electronics Group 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															0.05	0.04	0.04	0.04	0.04

Shenzhen Fine Made Electronics Group Co LT-Debt-to-Total-Asset Calculation

Shenzhen Fine Made Electronics Group Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	150.019	/	3275.223
	=	0.05

Shenzhen Fine Made Electronics Group 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 )
	=	107.574	/	2776.238
	=	0.04

Shenzhen Fine Made Electronics Group Co (SZSE:300671) 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 Fine Made Electronics Group Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Fine Made Electronics Group Co (SZSE:300671) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shenzhen Fine Made Electronics Group Co Ltd (SZSE:300671) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

18th Floor, West District, Times Technology Building, Nongyuan Road, Xiangmihu Street, Futian District, Guangdong Province, Shenzhen, CHN, 518048

Website

http://www.superchip.cn

Shenzhen Fine Made Electronics Group Co Ltd is an integrated circuit design enterprises. It is engaged in the design, research and development, production and operation of high-performance analog and digital-analog hybrid integrated circuits. Its product portfolio comprises power management, LED control and drive, MOSFET class, infrared remote control class and other consumer products.

Executives

Xu Zhe	Director
Hao Zhai Ling	Director
Li Zhi Xiong	Supervisors
Chen Ying	Supervisors
Wang Qiu Juan	Director
Xi Guo Ping	Supervisors
Guo Jing	Director
Luo Qiong	Directors, Directors, and Executives
Xiao Ting Feng	Securities Affairs Representative
Chen Ke Hong	Director

Shenzhen Fine Made Electronics Group Co (SZSE:300671) Headlines

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