Hangzhou Hik-Vision Digital Technology Co (SZSE:002415) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Hangzhou Hik-Vision Digital 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. Hangzhou Hik-Vision Digital Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Hangzhou Hik-Vision Digital Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.05). It may suggest that Hangzhou Hik-Vision Digital Technology Co is progressively becoming less dependent on debt to grow their business.

Hangzhou Hik-Vision Digital Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hangzhou Hik-Vision Digital 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.

* Premium members only.

Hangzhou Hik-Vision Digital Technology Co LT-Debt-to-Total-Asset Chart

Hangzhou Hik-Vision Digital Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.06

0.03

0.04

0.07

Hangzhou Hik-Vision Digital 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															0.09	0.08	0.08	0.07	0.05

Hangzhou Hik-Vision Digital Technology Co LT-Debt-to-Total-Asset Calculation

Hangzhou Hik-Vision Digital 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 )
	=	9284.129	/	138848.008
	=	0.07

Hangzhou Hik-Vision Digital 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 )
	=	6311.053	/	132259.649
	=	0.05

Hangzhou Hik-Vision Digital Technology Co (SZSE:002415) 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.

Hangzhou Hik-Vision Digital Technology Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Hangzhou Hik-Vision Digital Technology Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Hangzhou Hik-Vision Digital Technology Co (SZSE:002415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hangzhou Hik-Vision Digital Technology Co Ltd (SZSE:002415) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.555 Qianmo Road, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310051

Website

http://www.hikvision.com

Hangzhou Hikvision Digital Technology is the world's largest manufacturer of video surveillance equipment. Since then, the company has been growing its software and analytics offerings, as customers are increasingly seeking customized total solutions. Hikvision is also developing its Innovative businesses, which accounted for 18% of overall 2022 revenue. The smart-home business is powered by the EZVIZ consumer brand. Innovative business includes the development of industrial robotics, automotive electronics, X-ray sensors, infrared sensors, memory products and medical systems. Hikvision employs more than 58,000 people.

Hangzhou Hik-Vision Digital Technology Co (SZSE:002415) Headlines

No Headlines