Jiangsu Hongtu High Technology Co (SHSE:600122) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2023)

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What is Jiangsu Hongtu High Technology 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. Jiangsu Hongtu High Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.08.

Jiangsu Hongtu High Technology Co's long-term debt to total assets ratio increased from Mar. 2022 (0.04) to Mar. 2023 (0.08). It may suggest that Jiangsu Hongtu High Technology Co is progressively becoming more dependent on debt to grow their business.

Jiangsu Hongtu High Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Hongtu High Technology 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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Jiangsu Hongtu High Technology Co LT-Debt-to-Total-Asset Chart

Jiangsu Hongtu High Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.05

0.04

0.17

Jiangsu Hongtu High Technology Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.05	0.05	0.17	0.08

Jiangsu Hongtu High Technology Co LT-Debt-to-Total-Asset Calculation

Jiangsu Hongtu High Technology 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 )
	=	780.528	/	4696.214
	=	0.17

Jiangsu Hongtu High Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	334.061	/	4221.885
	=	0.08

Jiangsu Hongtu High Technology Co (SHSE:600122) 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.

Jiangsu Hongtu High Technology Co LT-Debt-to-Total-Asset Related Terms

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Jiangsu Hongtu High Technology Co (SHSE:600122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiangsu Hongtu High Technology Co Ltd (SHSE:600122) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Block B, Number 68 Software Road, Yuhuatai District, Nanjing, CHN, 210012

Website

http://www.hiteker.com.cn

Jiangsu Hongtu High Technology Co Ltd is engaged in retail, electronics manufacturing, Internet finance, and real estate development activities in the People's Republic of China. It retails computers, telecommunications, smart living, digital products, DIY computer assembly and IT accessories, various products and accessories, various external devices, network and server equipment, office automation and supplies and other accessory products, software products and IT books and service products. The company also offers various services and support, including on-site maintenance, system installation, and commissioning, application guidance, technical maintenance and after-sale services.

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