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Fenbi (HKSE:02469) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)


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What is Fenbi 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. Fenbi's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

Fenbi's long-term debt to total assets ratio declined from Dec. 2023 (0.03) to Dec. 2024 (0.02). It may suggest that Fenbi is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Fenbi'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.

Fenbi LT-Debt-to-Total-Asset Chart

Fenbi Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.13 0.13 0.06 0.03 0.02

Fenbi Semi-Annual Data
Dec19 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 0.06 0.04 0.03 0.03 0.02

Fenbi LT-Debt-to-Total-Asset Calculation

Fenbi'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 )
=43.624/2003.929
=0.02

Fenbi'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 )
=43.624/2003.929
=0.02

* 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.

Fenbi  (HKSE:02469) 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.

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

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Fenbi Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Fenbi Ltd (HKSE:02469) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
HKSE:01969 HKSE:00839 HKSE:01773 HKSE:03978 HKSE:00032 HKSE:01890 HKSE:01769 HKSE:01981 HKSE:02385 HKSE:00382 TAL EDU LRN LOPE GHC ATGE LAUR SZSE:002607 SZSE:300364 ADX:ALEFEDT
Traded in Other Exchanges
N/A
Address
Jiuxianqiao North Road, Room 601, 1-6th Floor, Building 103, No. 10 Courtyard, Chaoyang District, Beijing, CHN
Website
https://www.fenbi.com
Fenbi Ltd operates as a non-formal vocational education and training (VET) service provider in China. It is a career test preparation service provider in China, providing a comprehensive suite of recruitment and qualification examination tutoring courses for adult students pursuing careers in government-sponsored institutions and several professions and industries. It helps college graduates excel in the competitive selection process administered by governmental institutions and helps professionals obtain the relevant qualifications. Its segments are Tutoring services and Sales of books. It generates the majority of its revenue from Tutoring services which are classroom-based platforms teaching to the students who physically attend the lecture centers or through an online platform.
Executives
Li Yong 2103 Interests held jointly with another person
Wei Liang 2201 Interest of corporation controlled by you
Zhang Xiaolong 2201 Interest of corporation controlled by you
Li Xin 2103 Interests held jointly with another person
Tencent Holdings Limited
Sonata (bvi) Limited 2201 Interest of corporation controlled by you
Ocorian Singapore Trust Company Pte. Ltd. 2301 Trustee
Chalk Sky Ltd 2101 Beneficial owner
Ark Trust (hong Kong) Limited 2301 Trustee
Ho Chi Sing 2201 Interest of corporation controlled by you
Idg-accel China Growth Fund Gp Iii Associates Ltd. 2201 Interest of corporation controlled by you
Zhou Quan 2201 Interest of corporation controlled by you
Matrix China Management Ii, L.p. 2201 Interest of corporation controlled by you
Matrix China Ii Gp Gp, Ltd. 2201 Interest of corporation controlled by you
Idg-accel China Growth Fund Iii L.p. 2101 Beneficial owner

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