Future FinTech Group (LTS:0A8H) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Future FinTech Group 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. Future FinTech Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Future FinTech Group's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Future FinTech Group is progressively becoming more dependent on debt to grow their business.

Future FinTech Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Future FinTech Group'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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Future FinTech Group LT-Debt-to-Total-Asset Chart

Future FinTech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

Future FinTech Group 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															0.01	0.01	0.01	0.01	0.01

Future FinTech Group LT-Debt-to-Total-Asset Calculation

Future FinTech Group'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 )
	=	0.797	/	60.941
	=	0.01

Future FinTech Group'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 )
	=	0.746	/	59.91
	=	0.01

Future FinTech Group (LTS:0A8H) 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.

Future FinTech Group LT-Debt-to-Total-Asset Related Terms

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Future FinTech Group (LTS:0A8H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Future FinTech Group Inc (LTS:0A8H) » Definitions » LT-Debt-to-Total-Asset

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FTFT:USA

Address

Americas Tower, 1177 Avenue of The Americas, Suite 5100, New York, NY, USA, 10036

Website

http://www.ftft.com

Future FinTech Group Inc is engaged in the financial technology business. The company engages in the operation of a blockchain-based online shared shopping mall platform and also operates an incubator for application projects using blockchain technology. Future FinTech and its subsidiaries are developing blockchain technology for a variety of B2B and B2C real-life applications.

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