Beijing QingCloud Technology Group Co (SHSE:688316) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Beijing QingCloud Technology Group 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. Beijing QingCloud Technology Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Beijing QingCloud Technology Group Co's long-term debt to total assets ratio declined from Sep. 2023 (0.03) to Sep. 2024 (0.01). It may suggest that Beijing QingCloud Technology Group Co is progressively becoming less dependent on debt to grow their business.

Beijing QingCloud Technology Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Beijing QingCloud Technology Group 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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Beijing QingCloud Technology Group Co LT-Debt-to-Total-Asset Chart

Beijing QingCloud Technology Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.05

0.03

0.02

Beijing QingCloud Technology Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.02	0.02	0.02	0.01

Beijing QingCloud Technology Group Co LT-Debt-to-Total-Asset Calculation

Beijing QingCloud Technology Group 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 )
	=	12.029	/	624.35
	=	0.02

Beijing QingCloud Technology Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	7.013	/	575.728
	=	0.01

Beijing QingCloud Technology Group Co (SHSE:688316) 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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Beijing QingCloud Technology Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing QingCloud Technology Group Co Ltd (SHSE:688316) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Lize Road, 25th Floor, Huiya Building, Fengtai District, Beijing, CHN, 100073

Website

https://www.qingcloud.com

Beijing QingCloud Technology Group Co Ltd Provides enterprise users with cloud computing products and services that are autonomous, controllable, neutral, reliable, high-performance, flexible and open.

Executives

Liao Yang

Core technical personnel

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