Zhong Fu Tong Group Co (SZSE:300560) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Zhong Fu Tong Group 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. Zhong Fu Tong Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Zhong Fu Tong Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.04). It may suggest that Zhong Fu Tong Group Co is progressively becoming less dependent on debt to grow their business.

Zhong Fu Tong Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhong Fu Tong Group 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.

* Premium members only.

Zhong Fu Tong Group Co LT-Debt-to-Total-Asset Chart

Zhong Fu Tong Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.07

0.04

0.06

0.04

Zhong Fu Tong Group 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															0.04	0.04	0.04	0.04	0.04

Zhong Fu Tong Group Co LT-Debt-to-Total-Asset Calculation

Zhong Fu Tong Group 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 )
	=	116.504	/	2722.441
	=	0.04

Zhong Fu Tong Group 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 )
	=	98.148	/	2728.366
	=	0.04

Zhong Fu Tong Group Co (SZSE:300560) 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.

Zhong Fu Tong Group Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Zhong Fu Tong Group Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhong Fu Tong Group Co (SZSE:300560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Zhong Fu Tong Group Co Ltd (SZSE:300560) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Software Avenue, Tongpan Road, Software Park, No. 89, Floors 20, 21, 22, Building 4, F Zone, Gulou District, Fujian Province, Fuzhou, CHN, 350003

Website

http://www.zftii.com

Zhong Fu Tong Group Co Ltd operates in the communication technology service industry. The company is mainly engaged in the communication network construction, maintenance, and optimization services. In addition, the company also provides system solutions such as ad hoc networks, ICTs, and the Internet of Things. The company primarily serves the people's liberation army, the armed police, government functions and communications operators such as China Mobile, China Telecom, China Unicom, China Tower as well as communication equipment suppliers.

Executives

Ke Hong Hui	Director
Chen Rong Jie	Director
Huang Xiao Ming	Supervisors
Yang Wei Min	Independent director
Wang Bei Yi	Supervisors

Zhong Fu Tong Group Co (SZSE:300560) Headlines

No Headlines