China 21st Century Education Group (HKSE:01598) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2023)

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What is China 21st Century Education 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 21st Century Education Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.16.

China 21st Century Education Group's long-term debt to total assets ratio declined from Dec. 2022 (0.25) to Dec. 2023 (0.16). It may suggest that China 21st Century Education Group is progressively becoming less dependent on debt to grow their business.

China 21st Century Education Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for China 21st Century Education 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 21st Century Education Group LT-Debt-to-Total-Asset Chart

China 21st Century Education Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.08

0.10

0.25

0.16

China 21st Century Education Group Semi-Annual Data
	Dec15	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											0.10	0.24	0.25	0.27	0.16

China 21st Century Education Group LT-Debt-to-Total-Asset Calculation

China 21st Century Education Group'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 )
	=	408.081	/	2540.574
	=	0.16

China 21st Century Education Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	408.081	/	2540.574
	=	0.16

China 21st Century Education Group (HKSE:01598) 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 21st Century Education Group (HKSE:01598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China 21st Century Education Group Ltd (HKSE:01598) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Zhonghai Plaza, 15th Floor, South Tower, 8 Guanghua Dongli, Chaoyang District, Beijing, CHN, 050000

Website

https://www.21centuryedu.com

China 21st Century Education Group Ltd is an investment holding company. It is engaged in the provision of education services and related management services. The company's operating segments are Vocational education and Non-vocational education. It generates a majority of its revenue from the Vocational education business segment. Geographically, the firm generates its revenue from Mainland China.

Executives

Li Yunong	2305 Beneficiary of a trust
Li Yasheng	2305 Beneficiary of a trust
Li Yu Nong	2101 Beneficial owner
Cao Yang	2202 Interest of your spouse
Hsbc International Trustee Limited	2301 Trustee
Leonus Holdings Limited	2201 Interest of corporation controlled by you
Sainange Holdings Company Limited	2101 Beneficial owner
Sainray Limited
Cao Ji De
Luo Xin Lan

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