Zhejiang Huace Film & TV Co (SZSE:300133) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Zhejiang Huace Film & TV 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. Zhejiang Huace Film & TV Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Zhejiang Huace Film & TV Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Zhejiang Huace Film & TV Co is progressively becoming less dependent on debt to grow their business.

Zhejiang Huace Film & TV Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Huace Film & TV 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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Zhejiang Huace Film & TV Co LT-Debt-to-Total-Asset Chart

Zhejiang Huace Film & TV Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

Zhejiang Huace Film & TV 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	0.01	0.01	0.01

Zhejiang Huace Film & TV Co LT-Debt-to-Total-Asset Calculation

Zhejiang Huace Film & TV 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 )
	=	49.615	/	9879.103
	=	0.01

Zhejiang Huace Film & TV 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 )
	=	45.587	/	10018.036
	=	0.00

Zhejiang Huace Film & TV Co (SZSE:300133) 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.

Zhejiang Huace Film & TV Co LT-Debt-to-Total-Asset Related Terms

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Zhejiang Huace Film & TV Co (SZSE:300133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Zhejiang Huace Film & TV Co Ltd (SZSE:300133) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Suit 3025 Wushan Plaza Town, No 9 Yanan Road, Hangzhou, CHN, 310002

Website

http://www.huacemedia.com

Zhejiang Huace Film & TV Co Ltd operates as a film and television production company. It focuses on the creation of TV dramas, films, and various kinds of fine arts.

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