Pony Testing International Group Co (SZSE:300887) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Pony Testing International Group 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. Pony Testing International Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

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

Pony Testing International Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pony Testing International Group 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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Pony Testing International Group Co LT-Debt-to-Total-Asset Chart

Pony Testing International Group Co Annual Data

Trend

Dec09

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

Pony Testing International Group 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															0.02	0.02	0.02	0.02	0.02

Pony Testing International Group Co LT-Debt-to-Total-Asset Calculation

Pony Testing International Group 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 )
	=	78.83	/	4338.057
	=	0.02

Pony Testing International Group 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 )
	=	68.866	/	4178.162
	=	0.02

Pony Testing International Group Co (SZSE:300887) 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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Pony Testing International Group Co (SZSE:300887) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Pony Testing International Group Co Ltd (SZSE:300887) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 66, Jindai Road, 101, 5th Floor, Building 1, Haidian District, Beijing, CHN, 100095

Website

https://www.ponytest.com

Pony Testing Co Ltd provides inspection, measurement, certification and related technical services.The services are offered in various areas such as medical device inspection, technical consultation of measuring instruments and equipment, environmental monitoring, trade compliance and others.

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