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Logory Logistics Technology Co (HKSE:02482) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)


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What is Logory Logistics Technology Co 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. Logory Logistics Technology Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Logory Logistics Technology Co's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.01). It may suggest that Logory Logistics Technology Co is progressively becoming more dependent on debt to grow their business.

Logory Logistics Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Logory Logistics Technology Co'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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Logory Logistics Technology Co LT-Debt-to-Total-Asset Chart

Logory Logistics Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
- - - - 0.01

Logory Logistics Technology Co Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial - - - 0.01 0.01

Logory Logistics Technology Co LT-Debt-to-Total-Asset Calculation

Logory Logistics Technology Co'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 )
=23.595/2680.592
=0.01

Logory Logistics Technology Co'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 )
=19.466/2853.915
=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.

Logory Logistics Technology Co  (HKSE:02482) 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.

Logory Logistics Technology Co LT-Debt-to-Total-Asset Related Terms

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Logory Logistics Technology Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Logory Logistics Technology Co Ltd (HKSE:02482) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
HKSE:02516 HKSE:01442 HKSE:08310 HKSE:02130 HKSE:02505 HKSE:06123 HKSE:01292 HKSE:03399 HKSE:08292 HKSE:08047 UPS FDX XTER:DHL OCSE:DSV SZSE:002352 XSWX:KNIN ZTO EXPD JBHT CHRW
Traded in Other Exchanges
N/A
Address
No. 2700 Chuangxin Avenue, High-tech District, Anhui Province, Hefei, CHN
Website
https://www.logory.com
Logory Logistics Technology Co Ltd is a full-link digital freight service provider in China. The company provides a series of digital freight services and solutions for all participants in the freight industry such as logistics companies and cargo owners, as well as truckers in both inter-city and intra-city road freight transportation.
Executives
Hangzhou Yunbo Investment Consulting Co., Ltd.
Hu Simon Xiaoming
Jiang Fang
Jing Eric Xiandong
Ma Yun
Ye Sheng
Guo Tou Tai Kang Xin Tuo You Xian Gong Si 2301 Trustee
Ma Yi Ke Ji Ji Tuan Gu Fen You Xian Gong Si
Shang Hai Yun Xin Chuang Ye Tou Zi You Xian Gong Si

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