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Jiade (JDZG) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)


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What is Jiade 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. Jiade's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Jiade's long-term debt to total assets ratio declined from Dec. 2022 (0.18) to Jun. 2024 (0.00). It may suggest that Jiade is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Jiade'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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Jiade LT-Debt-to-Total-Asset Chart

Jiade Annual Data
Trend Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.51 0.18 -

Jiade Quarterly Data
Dec21 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial 0.18 - - - -

Jiade LT-Debt-to-Total-Asset Calculation

Jiade'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 )
=0/3.534
=0.00

Jiade'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 )
=0/10.365
=

* 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.

Jiade  (NAS:JDZG) 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.

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

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Jiade Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Jiade Ltd (NAS:JDZG) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
No. 1702 and 1706 Minjiang Road, Unit 2-02, Puningdun Business Plaza, Jinjiang District, Sichuan Province, Chengdu, CHN, 610000
Website
Jiade Ltd Ltd is engaged in providing one-stop comprehensive education supporting services to adult education institutions, through a wide range of software platforms and auxiliary solutions. The Group offers pre-enrollment guidance on school/selection and application development, training for entrance exams, and assistance in the application process. The Group also offers offline tutoring, exam administration services, guidance on graduation thesis, and social practice assistance in the People's Republic of China.