Kengic Intelligent Technology Co (SHSE:688455) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Kengic Intelligent 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. Kengic Intelligent Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Kengic Intelligent Technology Co's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.00). It may suggest that Kengic Intelligent Technology Co is progressively becoming more dependent on debt to grow their business.

Kengic Intelligent Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kengic Intelligent 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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Kengic Intelligent Technology Co LT-Debt-to-Total-Asset Chart

Kengic Intelligent Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Kengic Intelligent Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	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													-	-	-	-	-

Kengic Intelligent Technology Co LT-Debt-to-Total-Asset Calculation

Kengic Intelligent 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 )
	=	0.958	/	2639.279
	=	0.00

Kengic Intelligent Technology 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 )
	=	1.697	/	2707.581
	=	0.00

Kengic Intelligent Technology Co (SHSE:688455) 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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Kengic Intelligent Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kengic Intelligent Technology Co Ltd (SHSE:688455) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 21, Jinye Road, High-tech Zone, Shandong Province, Qingdao, CHN, 266111

Website

https://www.kengic.com

Kengic Intelligent Technology Co Ltd is a provider of intelligent logistics and intelligent manufacturing solutions with its own core technologies and products. The company's business covers digital system consulting, program planning, integrated design, equipment development, software research and development, on-site implementation and continuous after-sales service and other one-stop high-end services for the entire industry chain.

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