Qi An Xin Technology Group (SHSE:688561) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Qi An Xin Technology Group 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. Qi An Xin Technology Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Qi An Xin Technology Group's long-term debt to total assets ratio increased from Sep. 2023 (0.02) to Sep. 2024 (0.03). It may suggest that Qi An Xin Technology Group is progressively becoming more dependent on debt to grow their business.

Qi An Xin Technology Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Qi An Xin Technology Group'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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Qi An Xin Technology Group LT-Debt-to-Total-Asset Chart

Qi An Xin Technology Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.02

0.03

Qi An Xin Technology Group 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															0.02	0.03	0.03	0.03	0.03

Qi An Xin Technology Group LT-Debt-to-Total-Asset Calculation

Qi An Xin Technology Group'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 )
	=	430.178	/	16265.493
	=	0.03

Qi An Xin Technology Group'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 )
	=	428.592	/	14775.63
	=	0.03

Qi An Xin Technology Group (SHSE:688561) 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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Qi An Xin Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Qi An Xin Technology Group Inc (SHSE:688561) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, 26 of Xizhimenwai South Road, Qianxin Security Center, Xicheng District, Beijing, CHN

Website

https://en.qianxin.com

Qi An Xin Technology Group Inc provides a new generation of enterprise-level network security products and services to government and corporate customers.

Executives

Gu Yong Xiang	Core technical personnel
Ma Jiang Bo	Core technical personnel
Liu Hao	Core technical personnel
Liu Yan	Core technical personnel
Tang Di Bin	Core technical personnel
Ji Yan Min	Core technical personnel
Xu Gui Bin	Senior management, core technical personnel
Ma Lei Si	senior management
Ye Sheng	Core technical personnel
Yang Hong Peng	Directors, senior managers
Wu Yun Kun	Directors, senior managers, core technical personn
Liu Hong Jin	senior management
He Xin Fei	senior management
Zuo Wen Jian	Senior management, core technical personnel
Fan Jun Cheng	Core technical personnel

Qi An Xin Technology Group Headlines

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