Fujian Star-Net Communication Co (SZSE:002396) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Fujian Star-Net Communication 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. Fujian Star-Net Communication Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Fujian Star-Net Communication Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Fujian Star-Net Communication Co is progressively becoming more dependent on debt to grow their business.

Fujian Star-Net Communication Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fujian Star-Net Communication 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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Fujian Star-Net Communication Co LT-Debt-to-Total-Asset Chart

Fujian Star-Net Communication 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

0.01

Fujian Star-Net Communication 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	0.01	0.01

Fujian Star-Net Communication Co LT-Debt-to-Total-Asset Calculation

Fujian Star-Net Communication 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 )
	=	155.3	/	15401.103
	=	0.01

Fujian Star-Net Communication 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 )
	=	168.971	/	14923.571
	=	0.01

Fujian Star-Net Communication Co (SZSE:002396) 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.

Fujian Star-Net Communication Co LT-Debt-to-Total-Asset Related Terms

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Fujian Star-Net Communication Co (SZSE:002396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fujian Star-Net Communication Co Ltd (SZSE:002396) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 618 Jinshan Avenue, Building 19-22, Ruijie Science and Technology Park, Juyuanzhou Star Network, Cangshan District, Fujian, Fuzhou City, CHN, 350002

Website

http://www.star-net.cn

Fujian Star-Net Communication Co Ltd is a China-based company operates in the terminals and video application systems. It serves in the fields of network communication, switches, cloud computing, payment terminals, desktop clouds, wireless and broadband access, and video information applications. The company serves approximately 100 countries worldwide. Its product portfolio includes smart network, smart cloud, and smart finance.

Executives

Liu Zhong Dong	Executives

Zheng Hong	Executives
Tian Zhong Min	Supervisors
Huang Song En	Director
Wei Shu Song	Director
Huang Yi Hao	Director

Fujian Star-Net Communication Co (SZSE:002396) Headlines

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