Inesa Intelligent Tech (SHSE:600602) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Inesa Intelligent Tech 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. Inesa Intelligent Tech's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Inesa Intelligent Tech's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.01). It may suggest that Inesa Intelligent Tech is progressively becoming less dependent on debt to grow their business.

Inesa Intelligent Tech LT-Debt-to-Total-Asset Historical Data

The historical data trend for Inesa Intelligent Tech'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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Inesa Intelligent Tech LT-Debt-to-Total-Asset Chart

Inesa Intelligent Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.04

0.03

Inesa Intelligent Tech Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.03	0.01

Inesa Intelligent Tech LT-Debt-to-Total-Asset Calculation

Inesa Intelligent Tech'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 )
	=	235.855	/	7749.995
	=	0.03

Inesa Intelligent Tech's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	82.422	/	6870.434
	=	0.01

Inesa Intelligent Tech (SHSE:600602) 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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Inesa Intelligent Tech (SHSE:600602) Business Description

Industry

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900901:China

Address

No. 200 Zhang Heng Road, Zhangjiang Hi-Tech Park, Building 1, 2nd Floor, Pudong New Area, Shanghai, CHN

Website

http://www.inesa-it.com

Inesa Intelligent Tech Inc is an information technology company. It is a cloud computing and big data, business intelligence solutions and products for the core business of specialized information technology services company.

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