Shenzhen Zqgame Network Co (SZSE:300052) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Shenzhen Zqgame Network 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 Zqgame Network Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Shenzhen Zqgame Network Co's long-term debt to total assets ratio increased from Sep. 2023 (0.03) to Sep. 2024 (0.05). It may suggest that Shenzhen Zqgame Network Co is progressively becoming more dependent on debt to grow their business.

Shenzhen Zqgame Network Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Zqgame Network 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 Zqgame Network Co LT-Debt-to-Total-Asset Chart

Shenzhen Zqgame Network Co Annual Data

Trend

Dec14

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.04

Shenzhen Zqgame Network 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															0.03	0.04	0.04	0.06	0.05

Shenzhen Zqgame Network Co LT-Debt-to-Total-Asset Calculation

Shenzhen Zqgame Network 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 )
	=	37.282	/	897.547
	=	0.04

Shenzhen Zqgame Network 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 )
	=	38.678	/	785.052
	=	0.05

Shenzhen Zqgame Network Co (SZSE:300052) 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.

Shenzhen Zqgame Network Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Zqgame Network Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Shenzhen Zqgame Network Co Ltd (SZSE:300052) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1006 Shennan Road, Futian District, 10th Floor, Building C, International Innovation Center, Guangdong, Shenzhen, CHN

Website

http://www.zqgame.com

Shenzhen Zqgame Network Co Ltd is an online gaming company. The company focuses on the development, distribution and operation of online games, especially mobile game products. It provides entertainment experiences across online, mobile, and tablet platforms for the hardcore gamer.

Executives

Zhang Si Qun	Executives
Li Rui Jie	Directors, executives
Wang Li	Director
Hu Lang Tao	Supervisors
Liu Li	Executives
Zhang Yun Xia	Director

Shenzhen Zqgame Network Co Headlines

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