FHSEY (First High-School Education Group Co) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is First High-School Education 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. First High-School Education Group Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

First High-School Education Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Jun. 2024 (0.00). It may suggest that First High-School Education Group Co is progressively becoming less dependent on debt to grow their business.

First High-School Education Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for First High-School Education 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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First High-School Education Group Co LT-Debt-to-Total-Asset Chart

First High-School Education Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.05

0.04

First High-School Education Group Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.02	-	-

First High-School Education Group Co LT-Debt-to-Total-Asset Calculation

First High-School Education 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 )
	=	0	/	138.879
	=	0.00

First High-School Education Group Co'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 )
	=	0	/	113.998
	=

First High-School Education Group Co (OTCPK:FHSEY) 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.

First High-School Education Group Co LT-Debt-to-Total-Asset Related Terms

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First High-School Education Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » First High-School Education Group Co Ltd (OTCPK:FHSEY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1-1, Tiyuan Road, Xishan District, Yunnan Province, Kunming, CHN, 650228

Website

http://www.longspringedu.com

First High-School Education Group Co Ltd is an operator of private high schools in Western China. It promotes the reform of middle school education and teaching with the concept of double first-class university construction, introducing talents from double first-rate universities to strengthen the construction of middle school teachers, and continues to promote the connotative and high-quality development of middle school education.