Sharetronic Data Technology Co (SZSE:300857) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Sharetronic Data 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. Sharetronic Data Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Sharetronic Data Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.01). It may suggest that Sharetronic Data Technology Co is progressively becoming less dependent on debt to grow their business.

Sharetronic Data Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sharetronic Data 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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Sharetronic Data Technology Co LT-Debt-to-Total-Asset Chart

Sharetronic Data Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

Sharetronic Data 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	0.03	0.02	0.01	0.01

Sharetronic Data Technology Co LT-Debt-to-Total-Asset Calculation

Sharetronic Data 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 )
	=	45.112	/	5106.002
	=	0.01

Sharetronic Data 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 )
	=	77.54	/	5546.908
	=	0.01

Sharetronic Data Technology Co (SZSE:300857) 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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Sharetronic Data Technology Co (SZSE:300857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sharetronic Data Technology Co Ltd (SZSE:300857) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Shennan Avenue, Room 1209, 12th Floor, Block 1, Yaohua Creation Building, Futian District, Guangdong Province, Shenzhen, CHN, 518040

Website

http://www.sharetronic.com

Sharetronic Data Technology Co Ltd is engaged in production and sales of products such as Internet of Things intelligent terminals and data storage devices in the field of consumer electronics. The company provides wireless network and smart terminal. Its production lines mainly focus on Internet of Things, Smart Home, and Car Networking. Its products consist of virtual reality, laptops, wifi IP camera, and NAS storage.

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