Citic Telecom International Holdings (STU:B7O) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Citic Telecom International Holdings 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. Citic Telecom International Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Citic Telecom International Holdings's long-term debt to total assets ratio declined from Jun. 2023 (0.24) to Jun. 2024 (0.01). It may suggest that Citic Telecom International Holdings is progressively becoming less dependent on debt to grow their business.

Citic Telecom International Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Citic Telecom International Holdings'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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Citic Telecom International Holdings LT-Debt-to-Total-Asset Chart

Citic Telecom International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.33

0.29

0.26

0.22

0.03

Citic Telecom International Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.24	0.22	0.01	0.03

Citic Telecom International Holdings LT-Debt-to-Total-Asset Calculation

Citic Telecom International Holdings'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 )
	=	438.786	/	2038.704
	=	0.22

Citic Telecom International Holdings'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 )
	=	22.125	/	2030.953
	=	0.01

Citic Telecom International Holdings (STU:B7O) 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.

Citic Telecom International Holdings LT-Debt-to-Total-Asset Related Terms

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Citic Telecom International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Citic Telecom International Holdings Ltd (STU:B7O) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

01883:Hong Kong B7O:Germany

Address

93 Kwai Fuk Road, 25th Floor, CITIC Telecom Tower, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.citictel.com

Citic Telecom International Holdings Ltd is a telecommunications company. It derives revenue from cellphone services, Internet services, international telecommunications services, enterprise solutions and fixed-line services, and sale of equipment and mobile handsets. Enterprise services involves providing information and communication technologies to companies. This division is the largest contributor to overall company revenue. The company has operations in Hong Kong and Macau; the company earns the majority of revenue within Macau. CITIC Telecom is an owner of telecommunications infrastructure.

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