Pansoft Co (SZSE:300996) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Pansoft 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. Pansoft Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Pansoft Co's long-term debt to total assets ratio declined from Sep. 2023 (0.02) to Sep. 2024 (0.01). It may suggest that Pansoft Co is progressively becoming less dependent on debt to grow their business.

Pansoft Co LT-Debt-to-Total-Asset Historical Data

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

Pansoft Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.01

0.02

Pansoft 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															0.02	0.02	0.01	0.01	0.01

Pansoft Co LT-Debt-to-Total-Asset Calculation

Pansoft 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 )
	=	22.091	/	1500.435
	=	0.01

Pansoft 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 )
	=	11.217	/	1388.59
	=	0.01

Pansoft Co (SZSE:300996) 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.

Pansoft Co LT-Debt-to-Total-Asset Related Terms

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Pansoft Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pansoft Co Ltd (SZSE:300996) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 1 Shunhua Road, 1st Floor, Building 2, Qilu Software Park, High-tech Zone, Shandong Province, Jinan, CHN, 250101

Website

http://www.pansoft.com

Pansoft Co Ltd is engaged in providing management information solutions and comprehensive IT services for large group companies. It offers services to petroleum, chemical, construction, real estate, power, mining, equipment manufacturing, banking, insurance, government and other industries.

Executives

Li Shou Qiang	Director
Yang Hua Mao	Supervisors
Feng Xue Wei	Directors, executives
Nie Yu Tao	Executives
Ren Bing Zhang	Executives
Zhang Ting Bing	Directors, executives
Gao Feng Xin	Supervisors
Lin Guo Qiang	Directors, executives
Zhang Yun Jian	Supervisors
Xiang Hong Wei	Executives

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