Northking Information Technology Co (SZSE:002987) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Northking Information 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. Northking Information Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Northking Information Technology Co's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.00). It may suggest that Northking Information Technology Co is progressively becoming less dependent on debt to grow their business.

Northking Information Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Northking Information 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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Northking Information Technology Co LT-Debt-to-Total-Asset Chart

Northking Information Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Northking Information 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															0.01	-	-	-	-

Northking Information Technology Co LT-Debt-to-Total-Asset Calculation

Northking Information 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 )
	=	13.712	/	3072.875
	=	0.00

Northking Information 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 )
	=	8.979	/	3236.278
	=	0.00

Northking Information Technology Co (SZSE:002987) 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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Northking Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Northking Information Technology Co Ltd (SZSE:002987) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 25 West Third Ring North Road, 7th Floor, Haidian District, Beijing, CHN, 100089

Website

http://www.northking.net

Northking Information Technology Co Ltd is a provider of information technology services and business process outsourcing services to banking-based financial institutions. The company's services include technology development, technology promotion, technology transfer, technology consulting, technical services; computer technology training; computer system services; data processing; computer maintenance; basic software services, application software services; accepting financial information technology outsourcing services entrusted by financial institutions, entrusting financial institutions with financial business process outsourcing services, entrusting financial institutions with financial knowledge process outsourcing services, among others.

Executives

Ding Zhi Peng	Director
Zhao Long Hu	Directors, executives

Northking Information Technology Co Headlines

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