Hydsoft Technology Co (SZSE:301316) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Hydsoft 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. Hydsoft Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Hydsoft Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.05). It may suggest that Hydsoft Technology Co is progressively becoming more dependent on debt to grow their business.

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

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

Hydsoft Technology Co Annual Data

Trend

Dec13

Dec14

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.04

0.05

0.02

0.05

Hydsoft Technology Co Quarterly Data
	Dec13	Dec14	Dec18	Dec19	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													0.02	0.06	0.06	0.05	0.05

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

Hydsoft 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 )
	=	81.32	/	1558.883
	=	0.05

Hydsoft Technology 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 )
	=	81.654	/	1527.972
	=	0.05

Hydsoft Technology Co (SZSE:301316) 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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Hydsoft Technology Co (SZSE:301316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hydsoft Technology Co Ltd (SZSE:301316) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 11 Liangzhan Road, Renhe Street, Room 309, 3rd Floor, Building 1, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311107

Website

https://www.hydsoft.com

Hydsoft Technology Co Ltd is engaged in providing professional information technology outsourcing services to customers.

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