Shenzhen Dynanonic Co (SZSE:300769) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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What is Shenzhen Dynanonic 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 Dynanonic Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.16.

Shenzhen Dynanonic Co's long-term debt to total assets ratio declined from Mar. 2023 (0.19) to Mar. 2024 (0.16). It may suggest that Shenzhen Dynanonic Co is progressively becoming less dependent on debt to grow their business.

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

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

Shenzhen Dynanonic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.11

0.18

Shenzhen Dynanonic 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															0.19	0.18	0.20	0.18	0.16

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

Shenzhen Dynanonic 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 )
	=	3662.525	/	20734.959
	=	0.18

Shenzhen Dynanonic 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 )
	=	3099.124	/	19381.236
	=	0.16

Shenzhen Dynanonic Co (SZSE:300769) 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 Dynanonic Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Dynanonic Co (SZSE:300769) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Dynanonic Co Ltd (SZSE:300769) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 3009 Shahe West Road, No.1 Chuangsheng Road, Nanshan District, Shenzhen, CHN, 518055

Website

http://www.dynanonic.com

Shenzhen Dynanonic Co Ltd is a national high-tech enterprise. It is dedicated towards the development of nanomaterials to industrialization, integrating research and development, production and sales of nanomaterials and their applications. The business activities of the group include development, production, and marketing of nano lithium-ion battery materials in China.

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