SNTMF (SenseTime Group) LT-Debt-to-Total-Asset : 0.15 (As of Jun. 2024)

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What is SenseTime 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. SenseTime Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.15.

SenseTime Group's long-term debt to total assets ratio increased from Jun. 2023 (0.11) to Jun. 2024 (0.15). It may suggest that SenseTime Group is progressively becoming more dependent on debt to grow their business.

SenseTime Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for SenseTime 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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SenseTime Group LT-Debt-to-Total-Asset Chart

SenseTime Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.08

0.14

SenseTime Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.03	0.08	0.11	0.14	0.15

SenseTime Group LT-Debt-to-Total-Asset Calculation

SenseTime 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 )
	=	619.587	/	4606.037
	=	0.13

SenseTime Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	657.099	/	4486.776
	=	0.15

SenseTime Group (OTCPK:SNTMF) 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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SenseTime Group Business Description

Industry

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00020:Hong Kong

Address

No. 1900 Hongmei Road, Xuhui District, Shanghai, CHN, 200233

Website

https://www.sensetime.com

SenseTime Group Inc is a software company focused on creating an AI-empowered future through innovation. The company develops software & hardware products for different industry verticals and use cases based on the same AI infrastructure platform & model training framework. The principal activities of the Group are the sale of advanced AI software, the sale of AI software platforms & related services, the sale of AI software-embedded hardware and related services, AIDC service as well as research and development activities in relation to AI technologyThe Company is domiciled in the Cayman Islands while the Group mainly operates its businesses in four geographical areas of the world Mainland China, Northeast Asia, Southeast Asia, and others, out of which the majority is from Mainland China.