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Lixiang Education Holding Co (Lixiang Education Holding Co) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2023)


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What is Lixiang Education Holding 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. Lixiang Education Holding Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.00.

Lixiang Education Holding Co's long-term debt to total assets ratio declined from Jun. 2022 (0.01) to Jun. 2023 (0.00). It may suggest that Lixiang Education Holding Co is progressively becoming less dependent on debt to grow their business.

Lixiang Education Holding Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lixiang Education Holding 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.

* Premium members only.

Lixiang Education Holding Co LT-Debt-to-Total-Asset Chart

Lixiang Education Holding Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
LT-Debt-to-Total-Asset
- - - - 0.01

Lixiang Education Holding Co Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 - 0.01 0.01 -

Lixiang Education Holding Co LT-Debt-to-Total-Asset Calculation

Lixiang Education Holding Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )/Total Assets (A: Dec. 2022 )
=0.741/87.343
=0.01

Lixiang Education Holding Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )/Total Assets (Q: Jun. 2023 )
=0.243/82.888
=0.00

* 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.

Lixiang Education Holding Co  (NAS:LXEH) 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.

Lixiang Education Holding Co LT-Debt-to-Total-Asset Related Terms

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Lixiang Education Holding Co (Lixiang Education Holding Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Lixiang Education Holding Co Ltd (NAS:LXEH) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
No. 818 Hua Yuan Street, Liandu District, Zhejiang Province, Lishui, CHN, 323000
Website
https://www.lixiangeh.com
Lixiang Education Holding Co Ltd is a private primary and secondary education service provider in Lishui City, Zhejiang Province. Its private education services primarily include primary and middle school education from grade 1 to grade 9. The company also offers high school education services at its High School Divisions.