Zhengyuan Zhihui Goup Co (SZSE:300645) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Zhengyuan Zhihui Goup 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. Zhengyuan Zhihui Goup Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.13.

Zhengyuan Zhihui Goup Co's long-term debt to total assets ratio declined from Sep. 2023 (0.13) to Sep. 2024 (0.13). It may suggest that Zhengyuan Zhihui Goup Co is progressively becoming less dependent on debt to grow their business.

Zhengyuan Zhihui Goup Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhengyuan Zhihui Goup 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.

Zhengyuan Zhihui Goup Co LT-Debt-to-Total-Asset Chart

Zhengyuan Zhihui Goup 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

0.11

0.10

0.03

0.13

Zhengyuan Zhihui Goup 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															0.13	0.13	0.14	0.13	0.13

Zhengyuan Zhihui Goup Co LT-Debt-to-Total-Asset Calculation

Zhengyuan Zhihui Goup 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 )
	=	365.473	/	2808.418
	=	0.13

Zhengyuan Zhihui Goup 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 )
	=	373.774	/	2929.896
	=	0.13

Zhengyuan Zhihui Goup Co (SZSE:300645) 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.

Zhengyuan Zhihui Goup Co LT-Debt-to-Total-Asset Related Terms

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

Zhengyuan Zhihui Goup Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhengyuan Zhihui Goup Co Ltd (SZSE:300645) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 359 Shuxin Road, Building A, Zhengyuan Wisdom Building, Yuhang District, Hangzhou, CHN, 311121

Website

http://www.hzsun.com

Zhengyuan Zhihui Goup Co Ltd Formerly Zhejiang Zhengyuan Zhihui Technology Co Ltd is focused on providing the smart card, IoT products, solutions and operation and maintenance services for education, power, medical and health, government military and police, large enterprises, and park communities. Its software products include operating, shared a smart card and intensive, standalone smart card, and energy monitoring platforms; smart campus and enterprise smart cards; and education software.

Zhengyuan Zhihui Goup Co Headlines

No Headlines