China Technology Industry Group (HKSE:08111) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2023)

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What is China Technology Industry 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 Technology Industry Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.00.

China Technology Industry Group's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Sep. 2023 (0.00). It may suggest that China Technology Industry Group is progressively becoming more dependent on debt to grow their business.

China Technology Industry Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Technology Industry 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 Technology Industry Group LT-Debt-to-Total-Asset Chart

China Technology Industry Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.18

0.26

China Technology Industry Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

China Technology Industry Group LT-Debt-to-Total-Asset Calculation

China Technology Industry Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	0.485	/	161.789
	=	0.00

China Technology Industry Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.148	/	145.473
	=

China Technology Industry Group (HKSE:08111) 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 Technology Industry Group (HKSE:08111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » China Technology Industry Group Ltd (HKSE:08111) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Ocean Centre, Suite 704, 7th Floor, Harbour City, Kowloon, Hong Kong, HKG

Website

http://www.chinatechindgroup.com

China Technology Industry Group Ltd is engaged in the Sale of renewable energy products, New energy power system integration business, Sales of self-service automatic teller machine (ATM) systems and printing systems, and Provision of hardware and software technical support services. Key revenue is derived from the Sale of renewable energy products such as solar and wind power-related products. The group operates in the PRC. It has two segments sales of renewable energy products and New energy power system integration business. It generates maximum revenue from the Sales of renewable energy products.

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