Hygon Information Technology Co (SHSE:688041) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Hygon Information 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. Hygon Information Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Hygon Information Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.03) to Mar. 2024 (0.04). It may suggest that Hygon Information Technology Co is progressively becoming more dependent on debt to grow their business.

Hygon Information Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hygon Information 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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Hygon Information Technology Co LT-Debt-to-Total-Asset Chart

Hygon Information Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.03

0.06

0.02

0.04

Hygon Information Technology Co Quarterly Data
	Dec18	Dec19	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	0.04	0.04	0.04	0.04

Hygon Information Technology Co LT-Debt-to-Total-Asset Calculation

Hygon Information Technology Co'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 )
	=	889.867	/	22902.548
	=	0.04

Hygon Information Technology Co'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 )
	=	1023.437	/	23325.625
	=	0.04

Hygon Information Technology Co (SHSE:688041) 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.

Hygon Information Technology Co LT-Debt-to-Total-Asset Related Terms

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Hygon Information Technology Co (SHSE:688041) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hygon Information Technology Co Ltd (SHSE:688041) » Definitions » LT-Debt-to-Total-Asset

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N/A

Address

No. 18, Haitai West Road, Industrial Incubation-3-8, North 2-204, Huayuan Industrial Zone, Tianjin, CHN, 100085

Website

http://www.hygon.cn

Hygon Information Technology Co Ltd is engaged in the research and development, design and sales of high-end processors used in computing and storage devices such as servers and workstations.

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