Sansheng Intellectual Education Technology Co (SZSE:300282) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2023)

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What is Sansheng Intellectual Education 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. Sansheng Intellectual Education Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.07.

Sansheng Intellectual Education Technology Co's long-term debt to total assets ratio increased from Sep. 2022 (0.04) to Sep. 2023 (0.07). It may suggest that Sansheng Intellectual Education Technology Co is progressively becoming more dependent on debt to grow their business.

Sansheng Intellectual Education Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sansheng Intellectual Education 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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Sansheng Intellectual Education Technology Co LT-Debt-to-Total-Asset Chart

Sansheng Intellectual Education Technology Co Annual Data

Trend

Dec13

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Dec22

LT-Debt-to-Total-Asset

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0.04

0.05

Sansheng Intellectual Education Technology Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.05	0.07	0.07	0.07

Sansheng Intellectual Education Technology Co LT-Debt-to-Total-Asset Calculation

Sansheng Intellectual Education Technology Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	139.964	/	2668.688
	=	0.05

Sansheng Intellectual Education Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	135.881	/	1879.68
	=	0.07

Sansheng Intellectual Education Technology Co (SZSE:300282) 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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Sansheng Intellectual Education Technology Co (SZSE:300282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Sansheng Intellectual Education Technology Co Ltd (SZSE:300282) » Definitions » LT-Debt-to-Total-Asset

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Address

4th Floor, M8 Building, No 1 Jiuxianqiao East Road, Chaoyang District, Beijing, CHN, 100015

Website

http://www.irtouch.com

Sansheng Intellectual Education Technology Co Ltd is a provider of intelligent education equipment and smart education solutions in China. The company has three business segments: the Smart Education segment, Intelligent Education Equipment segment and the Education Services segment. The Smart Education segment focuses on smart education services and personalized learning. The Intelligent Education Equipment segment mainly develops and sells intelligent peripheral devices and intelligent interactive products such as optical touch, smartpen and wireless transmission. The company's products are widely used in intelligent interactive products in the financial, transportation, retail and other industries.

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