Beijing Kaiwen Education Technology Co (SZSE:002659) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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What is Beijing Kaiwen Education 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. Beijing Kaiwen Education Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

Beijing Kaiwen Education Technology Co's long-term debt to total assets ratio declined from Sep. 2023 (0.20) to Sep. 2024 (0.18). It may suggest that Beijing Kaiwen Education Technology Co is progressively becoming less dependent on debt to grow their business.

Beijing Kaiwen Education Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Beijing Kaiwen Education 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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Beijing Kaiwen Education Technology Co LT-Debt-to-Total-Asset Chart

Beijing Kaiwen Education Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.25

0.29

0.23

0.21

Beijing Kaiwen Education Technology 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															0.20	0.21	0.20	0.20	0.18

Beijing Kaiwen Education Technology Co LT-Debt-to-Total-Asset Calculation

Beijing Kaiwen Education 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 )
	=	643.575	/	3109.891
	=	0.21

Beijing Kaiwen Education Technology 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 )
	=	540.39	/	2943.388
	=	0.18

Beijing Kaiwen Education Technology Co (SZSE:002659) 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.

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Beijing Kaiwen Education Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Beijing Kaiwen Education Technology Co Ltd (SZSE:002659) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 67, North Fourth Ring Road West, Room 1225, 12th Floor, Haidian District, Beijing, CHN, 100089

Website

https://www.kaiwenedu.com

Beijing Kaiwen Education Technology Co Ltd is engaged in providing high-quality international education operation services such as curriculum design, teaching management, school operation, logistics management, and admission guidance through education service output, and continue to promote the coordinated development of brand output, management output, curriculum system output, and on-campus and off-campus education business. The international education business covers sports art training, camp education, brand output, and upstream and downstream training.

Executives

Dong Shun Lai	Director
Chen Yu	Director
Chen Hong Bo	Executives
Yu Zheng	Secretary, Director
Bao Jiong Gao	Executives
Lu Jian Fen	Supervisors
Huang Jia Lu	Director
Wang Li Man	Director
Cai Yi Song	Director

Beijing Kaiwen Education Technology Co Headlines

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