FLX (BingEx) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is BingEx 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. BingEx's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

BingEx's long-term debt to total assets ratio declined from Sep. 2023 (0.05) to Sep. 2024 (0.04). It may suggest that BingEx is progressively becoming less dependent on debt to grow their business.

BingEx LT-Debt-to-Total-Asset Historical Data

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

BingEx Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.03

0.05

0.02

BingEx Quarterly Data
	Dec19	Mar20	Dec20	Mar21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.05	0.04	0.04	0.04	0.02

BingEx LT-Debt-to-Total-Asset Calculation

BingEx'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 )
	=	6.353	/	140.146
	=	0.05

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	4.572	/	130.983
	=	0.03

BingEx (NAS:FLX) 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.

BingEx LT-Debt-to-Total-Asset Related Terms

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BingEx Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » BingEx Ltd (NAS:FLX) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

No.1 Yongtaizhuang North Road, Zhongguancun Dongsheng International Science Park, Haidian District, Beijing, CHN, 100192

Website

http://www.ishansong.com

BingEx Ltd provides on-demand dedicated courier services for individual and business customers with superior time certainty, delivery safety and service quality. The company brands its services as FlashEx, which means delivery in a flash. The Group's principal operations and geographic markets are in the People's Republic of China (PRC).