Recon Technology (Recon Technology) Debt-to-Asset : 0.07 (As of Jun. 2023)

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What is Recon Technology Debt-to-Asset?

Recon Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $4.96 Mil. Recon Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Recon Technology's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was $74.26 Mil. Recon Technology's debt to asset for the quarter that ended in Jun. 2023 was 0.07.

Recon Technology Debt-to-Asset Historical Data

The historical data trend for Recon 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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Recon Technology Debt-to-Asset Chart

Recon Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.14

0.16

0.08

0.06

0.07

Recon Technology Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Asset	Get a 7-Day Free Trial															0.08	0.06	0.06	0.06	0.07

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

For the Oil & Gas Equipment & Services subindustry, Recon 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.

Recon Technology's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Recon Technology's Debt-to-Asset distribution charts can be found below:

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

Recon Technology Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Recon Technology's Debt-to-Asset for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(4.962	+	0.003)	/	74.263
	=	0.07

Recon Technology's Debt-to-Asset for the quarter that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(4.962	+	0.003)	/	74.263
	=	0.07

Recon Technology (NAS:RCON) 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.

Recon Technology Debt-to-Asset Related Terms

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Recon Technology (Recon Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Recon Technology Ltd (NAS:RCON) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

HRC1:Germany

Address

No. 1 Shui’an South Street, Room 601, Chaoyang District, Beijing, CHN, 100012

Website

http://www.recon.cn

Recon Technology Ltd is an oilfield service company. The company is engaged in the sale of oilfield automation products, equipment for oil and gas production and transportation, and engineering services. It has four reportable operating segments: Automation Product and Software, Equipment and Accessories, Platform outsourcing services, and Oilfield Environmental Protection. Majority of the firm's revenue comes from the Automation Product and Software segment.