SinoCloud Group (SGX:LYY) LT-Debt-to-Total-Asset : 0.84 (As of Jun. 2024)

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What is SinoCloud 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. SinoCloud Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.84.

SinoCloud Group's long-term debt to total assets ratio increased from Jun. 2023 (0.73) to Jun. 2024 (0.84). It may suggest that SinoCloud Group is progressively becoming more dependent on debt to grow their business.

SinoCloud Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for SinoCloud 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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SinoCloud Group LT-Debt-to-Total-Asset Chart

SinoCloud Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.32

0.34

0.70

0.73

0.84

SinoCloud Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.73	0.75	0.76	0.76	0.84

SinoCloud Group LT-Debt-to-Total-Asset Calculation

SinoCloud Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	9.693	/	11.579
	=	0.84

SinoCloud Group'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 )
	=	9.693	/	11.579
	=	0.84

SinoCloud Group (SGX:LYY) 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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SinoCloud Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SinoCloud Group Ltd (SGX:LYY) » Definitions » LT-Debt-to-Total-Asset

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Address

Jinyang Technology Industrial Zone, Room B294, Venture Building, Hi-Tech Industrial Developement Area, Guizhou, Guiyang, CHN

Website

https://www.sinocloudgroup.com

SinoCloud Group Ltd is an investment holding company which provides Internet data centre management services in the People's Republic of China. The company operates through one segment: Internet Data Centre Services which is engaged in the Provision of a high-performance internet data centre, cloud computing, and data services in China & Other business operations include investment holding and are categorised as All other segments. The majority of revenue is derived from Internet data centre services. It operates in two geographic areas: Hong Kong and the People's Republic of China, the majority of revenue is derived from the People's Republic of China.

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