Iflytek Co (SZSE:002230) LT-Debt-to-Total-Asset : 0.16 (As of Sep. 2024)

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What is Iflytek 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. Iflytek Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.16.

Iflytek Co's long-term debt to total assets ratio increased from Sep. 2023 (0.09) to Sep. 2024 (0.16). It may suggest that Iflytek Co is progressively becoming more dependent on debt to grow their business.

Iflytek Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Iflytek 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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Iflytek Co LT-Debt-to-Total-Asset Chart

Iflytek Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.06

0.13

Iflytek 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															0.09	0.13	0.15	0.16	0.16

Iflytek Co LT-Debt-to-Total-Asset Calculation

Iflytek 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 )
	=	4800.307	/	37831.123
	=	0.13

Iflytek 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 )
	=	6345.91	/	40132.647
	=	0.16

Iflytek Co (SZSE:002230) 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.

Iflytek Co LT-Debt-to-Total-Asset Related Terms

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Iflytek Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Iflytek Co Ltd (SZSE:002230) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 666, Wangjiang Road West, National Intelligent Speech High-tech Industrializ, Anhui Province, Hefei, CHN, 230088

Website

https://www.iflytek.com

Iflytek Co Ltd is a China-based company, principally engaged in the software and information technology (IT) service businesses. The company's business includes intelligent application systems, software for voice and speech recognition and conversion, computer software design service, and computer programming service.

Executives

Wu Xiao Ru	Directors, executives
Jiang Tao	Directors, executives
Nie Xiao Lin	Directors, executives
Liu Qing Feng	Director
Shu Hua Ying	Independent director
Hu Yu	Directors, executives
Chen Tao	Directors, executives
Du Lan	Executives
Zhang Shao Bing	Executives
Zhang Lan	Supervisors
Zhao Hui Fang	Independent director
Xu Yu Lin	Supervisors
Yan Jun	Supervisors
Li Jian	Independent director
Yang Rui	Securities Affairs Representative

Iflytek Co Headlines

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