Shenzhen GuoHua Network Security Technology Co (SZSE:000004) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Shenzhen GuoHua Network Security 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. Shenzhen GuoHua Network Security Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Shenzhen GuoHua Network Security Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.02). It may suggest that Shenzhen GuoHua Network Security Technology Co is progressively becoming more dependent on debt to grow their business.

Shenzhen GuoHua Network Security Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen GuoHua Network Security 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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Shenzhen GuoHua Network Security Technology Co LT-Debt-to-Total-Asset Chart

Shenzhen GuoHua Network Security Technology Co Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

Shenzhen GuoHua Network Security Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.02	0.02

Shenzhen GuoHua Network Security Technology Co LT-Debt-to-Total-Asset Calculation

Shenzhen GuoHua Network Security 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 )
	=	7.277	/	413.449
	=	0.02

Shenzhen GuoHua Network Security Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	6.666	/	403.541
	=	0.02

Shenzhen GuoHua Network Security Technology Co (SZSE:000004) 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.

Shenzhen GuoHua Network Security Technology Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen GuoHua Network Security Technology Co (SZSE:000004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Shenzhen GuoHua Network Security Technology Co Ltd (SZSE:000004) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.126, Zhongkang Road, Meilin Street, B2206A, Zhuoyuehui, Zhuoyuehui, Meidu Community, Futian District, Guangdong, Shenzhen, CHN, 518049

Website

Shenzhen GuoHua Network Security Technology Co Ltd formerly known as Shenzhen Cau Technology Co Ltd is principally engaged in the R&D and manufacturing of biological drugs, as well as mobile internet gaming business.

Executives

Li Lin Lin	Directors, executives
Xu Wen Su	Directors, executives
Tang Yin Ping	Supervisors
Jiang Yu Ming	Director
Zhang Hua	Director, within half a year of separation

Shenzhen GuoHua Network Security Technology Co (SZSE:000004) Headlines

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