Richinfo Technology Co (SZSE:300634) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Richinfo 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. Richinfo Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Richinfo Technology Co's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.00). It may suggest that Richinfo Technology Co is progressively becoming less dependent on debt to grow their business.

Richinfo Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Richinfo 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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Richinfo Technology Co LT-Debt-to-Total-Asset Chart

Richinfo Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

0.02

0.01

Richinfo Technology 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	0.01	0.01	-

Richinfo Technology Co LT-Debt-to-Total-Asset Calculation

Richinfo Technology 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 )
	=	21.699	/	3229.222
	=	0.01

Richinfo Technology 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 )
	=	1.281	/	3383.616
	=	0.00

Richinfo Technology Co (SZSE:300634) 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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Richinfo Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Richinfo Technology Co Ltd (SZSE:300634) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No.18, Science & Technology South 12th Road, Unit 01-11, 4th Floor, Changhong Technology Building, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.richinfo.cn

Richinfo Technology Co Ltd is a Chinese based company operates in software development and business operations in the Internet field. The product portfolio of the group includes mail system, enterprise network disk, message push system and others.

Executives

Che Rong Quan

Director

Richinfo Technology Co Headlines

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