Ucap Cloud Information Technology Co (SHSE:688228) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Ucap Cloud Information 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. Ucap Cloud Information Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Ucap Cloud Information Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.07) to Mar. 2024 (0.07). It may suggest that Ucap Cloud Information Technology Co is progressively becoming less dependent on debt to grow their business.

Ucap Cloud Information Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ucap Cloud Information 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.

* Premium members only.

Ucap Cloud Information Technology Co LT-Debt-to-Total-Asset Chart

Ucap Cloud Information Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.07

0.06

Ucap Cloud Information 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															0.07	0.07	0.07	0.06	0.07

Ucap Cloud Information Technology Co LT-Debt-to-Total-Asset Calculation

Ucap Cloud Information 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 )
	=	127.323	/	2091.496
	=	0.06

Ucap Cloud Information 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 )
	=	127.064	/	1916.663
	=	0.07

Ucap Cloud Information Technology Co (SHSE:688228) 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.

Ucap Cloud Information Technology Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Ucap Cloud Information Technology Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Ucap Cloud Information Technology Co (SHSE:688228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ucap Cloud Information Technology Co Ltd (SHSE:688228) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Dongsheng Road, Zhongshan East, Room 1805, Unit 2, Building 5, Huixing Commercial Center, Shilong Town, Guangdong Province, Dongguan, CHN, 523326

Website

https://www.kaipuyun.cn

Ucap Cloud Information Technology Co Ltd is a domestic Internet content service platform and big data service provider. The company develops technologies related to digital content management and big data. It provides the construction, operation and maintenance of Internet content service platform and big data services.

Executives

Xiao Guo Quan	senior management
Wang Yi	Director
Sun Song Tao	Director
Zhang Xi Fang	Director
Li Shao Shu	Director
Liu Xuan Shan	Director
Yan Yan	Director

Ucap Cloud Information Technology Co (SHSE:688228) Headlines

No Headlines