CFTLF (Chinasoft International) LT-Debt-to-Total-Asset : 0.10 (As of Jun. 2024)

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What is Chinasoft International 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. Chinasoft International's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.10.

Chinasoft International's long-term debt to total assets ratio declined from Jun. 2023 (0.16) to Jun. 2024 (0.10). It may suggest that Chinasoft International is progressively becoming less dependent on debt to grow their business.

Chinasoft International LT-Debt-to-Total-Asset Historical Data

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

Chinasoft International Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.12

0.07

0.08

0.14

0.05

Chinasoft International Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.16	0.14	0.10	0.05

Chinasoft International LT-Debt-to-Total-Asset Calculation

Chinasoft International'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 )
	=	325.35	/	2390.363
	=	0.14

Chinasoft International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	233.398	/	2371.895
	=	0.10

Chinasoft International (OTCPK:CFTLF) 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.

Chinasoft International LT-Debt-to-Total-Asset Related Terms

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Chinasoft International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Chinasoft International Ltd (OTCPK:CFTLF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

00354:Hong Kong

Address

No. 2 Kexuiyuan South Road, North Wing, 12th Floor, Raycom Infotech Park, Tower C, Haidian District, Zhongguancun, Beijing, CHN, 100190

Website

https://www.chinasofti.com

Chinasoft International Ltd is a technology software and information technology service enterprise. It provides end-to-end IT software, solutions, and services to global clients and has extensive experience in consulting, design, implementation and services in digital applications of new technologies such as cloud computing, artificial intelligence, big data, the Internet of Things, and 5G, fully supporting clients' digital transformation. It has two segments: The Technical professional services group segment provides services that include business and IT consulting, application development, system integration, product engineering, and enterprise management. The Internet IT services group segment provides cloud-based consulting services.