Hubei Radio & Television Information Network Co (SZSE:000665) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Hubei Radio & Television Information Network 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. Hubei Radio & Television Information Network Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Hubei Radio & Television Information Network Co's long-term debt to total assets ratio declined from Sep. 2023 (0.18) to Sep. 2024 (0.05). It may suggest that Hubei Radio & Television Information Network Co is progressively becoming less dependent on debt to grow their business.

Hubei Radio & Television Information Network Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hubei Radio & Television Information Network 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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Hubei Radio & Television Information Network Co LT-Debt-to-Total-Asset Chart

Hubei Radio & Television Information Network Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.18

0.19

0.15

0.17

Hubei Radio & Television Information Network Co 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															0.18	0.17	0.07	0.06	0.05

Hubei Radio & Television Information Network Co LT-Debt-to-Total-Asset Calculation

Hubei Radio & Television Information Network 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 )
	=	1812.683	/	11004.158
	=	0.16

Hubei Radio & Television Information Network 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 )
	=	515.712	/	10765.775
	=	0.05

Hubei Radio & Television Information Network Co (SZSE:000665) 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.

Hubei Radio & Television Information Network Co LT-Debt-to-Total-Asset Related Terms

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Hubei Radio & Television Information Network Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hubei Radio & Television Information Network Co Ltd (SZSE:000665) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 101, Zhongbei Road, Industrial Zone, Wuhan Economic and Technological Development Zone, Hubei Province, Wuhan, CHN, 430071

Website

http://www.hrtn.net

Hubei Radio & Television Information Network Co Ltd is a China-based company engaged in the operation of digital cable TV industry, research and development of cable TV products and agency work of advertising, movies, TV, and animation, and planning of film and television featured films. It comprises OTT full-service platform terminal, which is a collection of standard-definition TV, HDTV, interactive on-demand, time-shifting, and application.

Executives

Wang Bin	Director
Hu Hao	Executives
Yu Han Jiang	Supervisors
Bi Hua	Directors, executives
Hu Xiao Bin	Executives
Ceng Bai Lin	Director
Zhao Hong Tao	Executives
Qi Guo Jun	Executives
Zhang Hai Ming	Director
Wang Cheng Chao	Directors, executives

Hubei Radio & Television Information Network Co Headlines

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