Viomi Technology Co (Viomi Technology Co) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is Viomi 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. Viomi Technology Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Viomi Technology Co's long-term debt to total assets ratio increased from Jun. 2022 (0.03) to Dec. 2023 (0.05). It may suggest that Viomi Technology Co is progressively becoming more dependent on debt to grow their business.

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

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

Viomi Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.04

0.05

Viomi Technology Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.04	0.04	0.05	0.05

Viomi Technology Co LT-Debt-to-Total-Asset Calculation

Viomi 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 )
	=	18.405	/	385.758
	=	0.05

Viomi Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	18.405	/	385.758
	=	0.05

Viomi Technology Co (NAS:VIOT) 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.

Viomi Technology Co LT-Debt-to-Total-Asset Related Terms

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Viomi Technology Co (Viomi Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Viomi Technology Co Ltd (NAS:VIOT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xingang East Road, Wansheng Square, Room 1302 Tower C, Haizhu District, Guangdong, Guangzhou, CHN, 510220

Website

https://www.viomi.com.cn

Viomi Technology Co Ltd along with its subsidiaries provides Internet of Things (IoT) enabled smart home products through its platform. It has developed an IoT Home platform, consisting of an ecosystem of IoT Home portfolio, and home water solutions, together with a suite of complementary consumable products and small appliances and others. Its product offerings include Smart kitchen products like refrigerators, oven steamers, dishwashers, and gas stoves, Other smart products such as air conditioning systems, washing machines, water heaters, smart water kettles, interactive smart screens, and other smart devices, and Home water solutions include self-branded and Xiaomi-branded smart water purifiers.