Strait Innovation Internet Co (SZSE:300300) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Strait Innovation Internet 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. Strait Innovation Internet Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Strait Innovation Internet Co's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.06). It may suggest that Strait Innovation Internet Co is progressively becoming less dependent on debt to grow their business.

Strait Innovation Internet Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Strait Innovation Internet 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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Strait Innovation Internet Co LT-Debt-to-Total-Asset Chart

Strait Innovation Internet Co Annual Data

Trend

Dec14

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Dec16

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Dec18

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Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.06

0.08

0.07

Strait Innovation Internet 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															0.07	0.07	0.07	0.06	0.06

Strait Innovation Internet Co LT-Debt-to-Total-Asset Calculation

Strait Innovation Internet 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 )
	=	84.479	/	1211.221
	=	0.07

Strait Innovation Internet 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 )
	=	63.934	/	1136.54
	=	0.06

Strait Innovation Internet Co (SZSE:300300) 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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Strait Innovation Internet Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Strait Innovation Internet Co Ltd (SZSE:300300) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.181 Tianmushan Road, 6th Floor, Skyline Building, Xihu District, Zhejiang Province, Hangzhou, CHN, 310063

Website

http://www.hxcx.com.cn

Strait Innovation Internet Co Ltd is a provider of technical services, technology development, technology consulting, technology exchange, technology transfer, technology promotion; software development; information technology consulting services; data processing services; information system integration services; foreign contracting projects; computer software and hardware and auxiliary equipment wholesale.

Executives

Lin Qing Hua	Executives
Wang Wei Shan	Executives
Ceng Zhi Yong	Executives
Yu Jing	Executives
Ye Xing Bo	Directors, executives
Wang Ya Hong	Executives
Yang Xiao Jiang	Executives
Huang Men Ma	Executives
Wu Yan	Director
Jin Xue Jun	Director
Xu Ce	Supervisors
Wang Zhi Bin	Executives
Zhuang Liang	Executives
Ma Gang	Directors, executives
Yin Yu Shun	Director

Strait Innovation Internet Co Headlines

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