Shenzhen InfoTech Technologies Co (SZSE:300085) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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

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

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

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

Shenzhen InfoTech Technologies Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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Shenzhen InfoTech Technologies 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	0.01

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

Shenzhen InfoTech 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 )
	=	3.299	/	1426.832
	=	0.00

Shenzhen InfoTech Technologies 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 )
	=	9.586	/	1156.806
	=	0.01

Shenzhen InfoTech Technologies Co (SZSE:300085) 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 InfoTech Technologies Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen InfoTech Technologies Co Ltd (SZSE:300085) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Shenzhen Tian An Cyber Park, Tianxiang Building Block 5B2 AB, Futian District, Shenzhen, CHN, 518048

Website

http://www.yinzhijie.com

Shenzhen InfoTech Technologies Co Ltd is focused on the financial information industry, providing software products, software development, financial special equipment and technical services to financial institutions such as banks. The company's product line covers bank payment and settlement, risk prevention and control, process re-engineering and self-help.

Executives

Li Jun	Directors, executives
Feng Jun	Director
Chen Xiang Jun	Director
He Ye	Director
He Jian	Independent director
Zhang Xue Jun	Director
Zhou Feng	Supervisors
Xu Qiu Jiang	Executives
Liu Yi	Directors, executives
Yang Jin Min	Supervisors
Tang Jin Xing	Executives
Peng Jian Wen	Executives

Shenzhen InfoTech Technologies Co Headlines

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