AVIT (SZSE:300264) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is AVIT 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. AVIT's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

AVIT's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.02). It may suggest that AVIT is progressively becoming less dependent on debt to grow their business.

AVIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for AVIT'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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AVIT LT-Debt-to-Total-Asset Chart

AVIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.06

0.03

0.02

AVIT 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															0.03	0.03	0.03	0.02	0.02

AVIT LT-Debt-to-Total-Asset Calculation

AVIT'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 )
	=	8.629	/	368.872
	=	0.02

AVIT'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 )
	=	8.034	/	364.858
	=	0.02

AVIT (SZSE:300264) 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.

AVIT LT-Debt-to-Total-Asset Related Terms

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AVIT (SZSE:300264) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AVIT Ltd (SZSE:300264) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

15/F, Zhongyangxigu Building, Binghe Boulevard, Futian, Shenzhen, CHN, 518048

Website

http://www.avit.com.cn

AVIT Ltd is engaged in offering system solutions and technique services to network operators. The solutions provided by the company include system design, system integration, technical training, and operation consulting. The products of the company include DVB solution, DVB application system, digital headend, and digital receiver.

Executives

Li Xiao Long	Supervisors
Huang Min	Executives
Zhang Hai Chuan	Directors, executives
Hu Yong	Supervisors
Chen Kun Jiang	Director
Peng Zhong Fu	Supervisors
Xiong Ke Jia	Directors, executives
Li Jian Hong	Securities Affairs Representative
Wu Qian	Director
Li Guan Bin	Director
Gao Jian	Directors, executives
Zhu Wei Min	Director, Securities Affairs Representative

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