Shentong Robot Education Group Co (HKSE:08206) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Shentong Robot Education Group 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. Shentong Robot Education Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Shentong Robot Education Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Sep. 2024 (0.01). It may suggest that Shentong Robot Education Group Co is progressively becoming less dependent on debt to grow their business.

Shentong Robot Education Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shentong Robot Education Group 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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Shentong Robot Education Group Co LT-Debt-to-Total-Asset Chart

Shentong Robot Education Group Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.30

0.41

0.02

Shentong Robot Education Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	-	0.03	0.02	0.01

Shentong Robot Education Group Co LT-Debt-to-Total-Asset Calculation

Shentong Robot Education Group Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	1.713	/	87.875
	=	0.02

Shentong Robot Education Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0.918	/	89.938
	=

Shentong Robot Education Group Co (HKSE:08206) 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.

Shentong Robot Education Group Co LT-Debt-to-Total-Asset Related Terms

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Shentong Robot Education Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Shentong Robot Education Group Co Ltd (HKSE:08206) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Unit 3006, 30th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

http://www.srobotedu.com

Shentong Robot Education Group Co Ltd is engaged in the promotion of electronic smart cards and the provision of robotics courses. The company has one reportable segment which is the provision of robotics education courses and other related businesses in Heilongjiang Province in the PRC. It earns revenue by charging the enrolled students with published course fees fully in advance. The courses are divided into lessons of equal teaching hours that scheduled across a period of several months to half a year.

Executives

China Communication Group Company Limited	2201 Interest of corporation controlled by you
China Communication Investment Limited	2101 Beneficial owner
Yang Shaohui	2101 Beneficial owner

Shentong Robot Education Group Co Headlines

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