Shenzhen Genvict Technologies Co (SZSE:002869) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Shenzhen Genvict Technologies 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. Shenzhen Genvict Technologies Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Shenzhen Genvict Technologies Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.01). It may suggest that Shenzhen Genvict Technologies Co is progressively becoming more dependent on debt to grow their business.

Shenzhen Genvict Technologies Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Genvict Technologies 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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Shenzhen Genvict Technologies Co LT-Debt-to-Total-Asset Chart

Shenzhen Genvict Technologies Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Shenzhen Genvict Technologies 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

Shenzhen Genvict Technologies Co LT-Debt-to-Total-Asset Calculation

Shenzhen Genvict Technologies 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 )
	=	16.009	/	2698.352
	=	0.01

Shenzhen Genvict Technologies 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 )
	=	15.446	/	2644.086
	=	0.01

Shenzhen Genvict Technologies Co (SZSE:002869) 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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Shenzhen Genvict Technologies Co (SZSE:002869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Genvict Technologies Co Ltd (SZSE:002869) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Keyuan Road, Qinghua Information Port, 12th Floor, Building A, R&D Building, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.genvict.com

Shenzhen Genvict Technologies Co Ltd is a Chinese provider of intelligent transportation system, core equipment and solutions, electrical sub toll products and solutions.

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