Shenzhen Longsys Electronics Co (SZSE:301308) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Shenzhen Longsys Electronics 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 Longsys Electronics Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Shenzhen Longsys Electronics Co's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.14). It may suggest that Shenzhen Longsys Electronics Co is progressively becoming more dependent on debt to grow their business.

Shenzhen Longsys Electronics Co LT-Debt-to-Total-Asset Historical Data

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

Shenzhen Longsys Electronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.03

0.16

Shenzhen Longsys Electronics Co Quarterly Data
	Dec18	Dec19	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												0.04	0.07	0.14	0.16	0.14

Shenzhen Longsys Electronics Co LT-Debt-to-Total-Asset Calculation

Shenzhen Longsys Electronics 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 )
	=	2160.461	/	13679.846
	=	0.16

Shenzhen Longsys Electronics 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 )
	=	2211.124	/	16100.626
	=	0.14

Shenzhen Longsys Electronics Co (SZSE:301308) 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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Shenzhen Longsys Electronics Co (SZSE:301308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Longsys Electronics Co Ltd (SZSE:301308) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.8 Kefa Road, A, B, C, D, E, F1, 8th Floor, Building 1, Financial Services Technology Innovation Base, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

https://www.longsys.com

Shenzhen Longsys Electronics Co Ltd is a technology-based storage product manufacturer dedicated to memory chip architecture and application. The company has five product lines: embedded storage, industrial storage, mobile storage, SSD storage, and memory module. It provides systematic solutions for personal data and industrial software and hardware storage products.

Executives

Cai Hua Bo	Directors, executives
Wang Jing Yang	Directors, executives
Zhu Yu	Directors, executives

Shenzhen Longsys Electronics Co (SZSE:301308) Headlines

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