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ZBAO (Zhibao Technology) Debt-to-Asset : 0.15 (As of Jun. 2024)


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What is Zhibao Technology Debt-to-Asset?

Zhibao Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $4.03 Mil. Zhibao Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.14 Mil. Zhibao Technology's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was $28.78 Mil. Zhibao Technology's debt to asset for the quarter that ended in Jun. 2024 was 0.15.

Zhibao Technology Debt-to-Asset Historical Data

The historical data trend for Zhibao Technology's Debt-to-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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Zhibao Technology Debt-to-Asset Chart

Zhibao Technology Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Debt-to-Asset
0.56 0.31 0.25 0.15

Zhibao Technology Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Debt-to-Asset Get a 7-Day Free Trial 0.31 0.09 0.25 0.13 0.15

Competitive Comparison of Zhibao Technology's Debt-to-Asset

For the Insurance Brokers subindustry, Zhibao Technology's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Zhibao Technology's Debt-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Zhibao Technology's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Zhibao Technology's Debt-to-Asset falls into.


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Zhibao Technology Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Zhibao Technology's Debt-to-Asset for the fiscal year that ended in Jun. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(4.03 + 0.144) / 28.78
=0.15

Zhibao Technology's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(4.03 + 0.144) / 28.78
=0.15

* 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.

Zhibao Technology  (NAS:ZBAO) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Zhibao Technology Debt-to-Asset Related Terms

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

Zhibao Technology Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zhibao Technology Inc (NAS:ZBAO) » Definitions » Debt-to-Asset
Comparable Companies
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Traded in Other Exchanges
N/A
Address
Floor 3, Building 6, Wuxing Road, Lane 727, Shanghai, CHN, 201204
Website
https://www.zhibao-tech.com
Zhibao Technology Inc is a insurance technology company engaged in providing digital insurance brokerage services in China. 2B2C digital embedded insurance is their business model which is pioneered in China. It provides customized digital insurance solutions for B-side channels (covering a wide range of industries and organizations, including but not limited to Internet platforms, large and medium-sized enterprises, and government agencies, etc.), embedding them into the channel's existing business matrix, and providing the channel with Provide digital insurance brokerage services to C-end customers.