China e-Wallet Payment Group (FRA:RL8) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2023)

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What is China e-Wallet Payment Group 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. China e-Wallet Payment Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.04.

China e-Wallet Payment Group's long-term debt to total assets ratio increased from Jun. 2022 (0.03) to Jun. 2023 (0.04). It may suggest that China e-Wallet Payment Group is progressively becoming more dependent on debt to grow their business.

China e-Wallet Payment Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for China e-Wallet Payment Group'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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China e-Wallet Payment Group LT-Debt-to-Total-Asset Chart

China e-Wallet Payment Group Annual Data

Trend

Dec14

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Dec20

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Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

China e-Wallet Payment Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.03	0.04	0.04	0.04

China e-Wallet Payment Group LT-Debt-to-Total-Asset Calculation

China e-Wallet Payment Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	1.76	/	48.469
	=	0.04

China e-Wallet Payment Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	1.71	/	43.124
	=	0.04

China e-Wallet Payment Group (FRA:RL8) 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.

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China e-Wallet Payment Group (FRA:RL8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » China e-Wallet Payment Group Ltd (FRA:RL8) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

00802:Hong Kong

Address

11 On Lai Street, Room 626-629, Corporation Park, Siu Lek Yuen, Sha Tin, New Territories, Hong Kong, HKG

Website

http://www.hklistco.com/802

China e-Wallet Payment Group Ltd is engaged in the business of Internet and Mobile Applications and Related Accessories. The Group is specialized in providing programming and advertising solutions on mobile platforms and is also engaged in the business of distribution of computer-related and mobile-related electronic products and accessories. Geographically it operates in Hong Kong and the PRC. The company derives a majority of its revenue from the People's Republic of China.

China e-Wallet Payment Group (FRA:RL8) Headlines

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