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Ming Yuan Cloud Group Holdings (HKSE:00909) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2024)


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What is Ming Yuan Cloud Group Holdings 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. Ming Yuan Cloud Group Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.01.

Ming Yuan Cloud Group Holdings's long-term debt to total assets ratio declined from Dec. 2023 (0.02) to Dec. 2024 (0.01). It may suggest that Ming Yuan Cloud Group Holdings is progressively becoming less dependent on debt to grow their business.

Ming Yuan Cloud Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ming Yuan Cloud Group Holdings'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.

* Premium members only.

Ming Yuan Cloud Group Holdings LT-Debt-to-Total-Asset Chart

Ming Yuan Cloud Group Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.01 0.01 0.03 0.02 0.01

Ming Yuan Cloud Group Holdings Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.02 0.02 0.01 0.01

Ming Yuan Cloud Group Holdings LT-Debt-to-Total-Asset Calculation

Ming Yuan Cloud Group Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )/Total Assets (A: Dec. 2024 )
=46.499/5817.203
=0.01

Ming Yuan Cloud Group Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )/Total Assets (Q: Dec. 2024 )
=46.499/5817.203
=0.01

* 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.

Ming Yuan Cloud Group Holdings  (HKSE:00909) 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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Ming Yuan Cloud Group Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Ming Yuan Cloud Group Holdings Ltd (HKSE:00909) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
16 Gaoxin South 10th Road, 801, Tower A, Gemdale Viseen Tower, Gaoxin Community, Yuehai Subdistrict, Nanshan District, Shenzhen, CHN
Website
https://www.mingyuanyun.com
Ming Yuan Cloud Group Holdings Ltd is a provider of enterprise-grade ERP solutions and SaaS products to property developers and other industry participants along the real estate value chain in China. The company's ERP solutions and SaaS products enable property developers and other real estate industry participants such as construction materials suppliers and property asset management companies to streamline and digitalize their business operations. It generates maximum revenue from the SaaS products segment.
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