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Gogox Holdings (HKSE:02246) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)


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What is Gogox 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. Gogox Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

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

Gogox Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gogox 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.

Gogox Holdings LT-Debt-to-Total-Asset Chart

Gogox Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.01 - - 0.01 0.01

Gogox Holdings Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.01 0.01 0.01 0.01

Gogox Holdings LT-Debt-to-Total-Asset Calculation

Gogox Holdings'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 )
=13.577/948.282
=0.01

Gogox Holdings'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 )
=8.031/794.961
=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.

Gogox Holdings  (HKSE:02246) 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.

Gogox Holdings LT-Debt-to-Total-Asset Related Terms

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Gogox Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Gogox Holdings Ltd (HKSE:02246) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
No.7 Rongyuan Road, Room 212, Building C, Kaide Building Complex, Huayuan Industrial Park, Binhai Hi-tech Zone, Tianjin, CHN
Website
https://www.gogoxholdings.com
Gogox Holdings Ltd is an online platform for intra-city logistics services in Asia. The company operates two brands in this space, namely Kuaigou Dache in mainland China and GOGOX in other Asian countries and regions. The company's reportable segments are divided into Chinese mainland operations, and Hong Kong and overseas operations.
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