Leascend Technology Co (SZSE:300051) LT-Debt-to-Total-Asset : 0.28 (As of Sep. 2024)

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What is Leascend 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. Leascend Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.28.

Leascend Technology Co's long-term debt to total assets ratio increased from Sep. 2023 (0.12) to Sep. 2024 (0.28). It may suggest that Leascend Technology Co is progressively becoming more dependent on debt to grow their business.

Leascend Technology Co LT-Debt-to-Total-Asset Historical Data

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

Leascend Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.38

0.35

0.42

0.45

0.23

Leascend 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															0.12	0.23	0.29	0.28	0.28

Leascend Technology Co LT-Debt-to-Total-Asset Calculation

Leascend 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 )
	=	790.347	/	3455.004
	=	0.23

Leascend 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 )
	=	906.982	/	3234.829
	=	0.28

Leascend Technology Co (SZSE:300051) 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.

Leascend Technology Co LT-Debt-to-Total-Asset Related Terms

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Leascend Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Leascend Technology Co Ltd (SZSE:300051) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 8, Guanri Road, Phase II, Software Park, 1st Floor, Torch Hi-Tech Industrial Development Zone, Fujian province, Xiamen, CHN, 361008

Website

http://www.35.com

Leascend Technology Co Ltd, formerly Xiamen 35.com Technology Co Ltd operates in the software service industry in China. It offers enterprise internet solutions, corporate communication solutions, mobile office solutions, and business management solutions. The company provides its clients with enterprise mailboxes, electronic commercial websites, domain registration, smart restaurants, 35 cloud attendance, cloud office bag, office automation systems, among others.

Executives

Zhang Wei Wei	Executives
Tang Jing Lei	Executives
Chen Tu Bao	Supervisors
Yu Cheng Bin	Supervisors
Zhang Xiao Chu	Executives
Gong Shao Hui	Directors, executives
Yang Xiao Liang	Directors, Directors, and Executives
Zhang Mei Wen	Directors, executives
Shen Wen Ce	Director
Li Yun Fei	Executives
Ceng Hua Qun	Director

Leascend Technology Co Headlines

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