Boqii Holding (Boqii Holding) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2023)

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What is Boqii Holding 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. Boqii Holding's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.11.

Boqii Holding's long-term debt to total assets ratio declined from Mar. 2022 (0.27) to Sep. 2023 (0.11). It may suggest that Boqii Holding is progressively becoming less dependent on debt to grow their business.

Boqii Holding LT-Debt-to-Total-Asset Historical Data

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

Boqii Holding Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.24

0.49

0.59

0.27

0.21

Boqii Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.27	0.27	0.21	0.21	0.11

Boqii Holding LT-Debt-to-Total-Asset Calculation

Boqii Holding's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	16.553	/	78.48
	=	0.21

Boqii Holding's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	6.635	/	59.817
	=

Boqii Holding (AMEX:BQ) 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.

Boqii Holding LT-Debt-to-Total-Asset Related Terms

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Boqii Holding (Boqii Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Boqii Holding Ltd (AMEX:BQ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 388, Shengrong Road, Pudong, Building 9, New District, Shanghai, CHN, 201210

Website

https://www.boqii.com

Boqii Holding Ltd operates in the business of selling pet products through online stores. The store provides pet foods, health products, pet grooming products, pet bathing products, pet toys, fish tank, aquatic fertilizer, temperature control equipment, oxygen pump, and other related products. Also, the company sells its products through offline channels to pet stores and hospitals.