Hangzhou Gisway Information Technology Co (SZSE:301390) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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

Hangzhou Gisway Information Technology Co's long-term debt to total assets ratio declined from Jun. 2023 (0.02) to Jun. 2024 (0.00). It may suggest that Hangzhou Gisway Information Technology Co is progressively becoming less dependent on debt to grow their business.

Hangzhou Gisway Information Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hangzhou Gisway Information 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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Hangzhou Gisway Information Technology Co LT-Debt-to-Total-Asset Chart

Hangzhou Gisway Information Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

Hangzhou Gisway Information Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.02	0.01	-	-	-

Hangzhou Gisway Information Technology Co LT-Debt-to-Total-Asset Calculation

Hangzhou Gisway Information 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 )
	=	0.386	/	1199.418
	=	0.00

Hangzhou Gisway Information Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	1.437	/	1381.573
	=	0.00

Hangzhou Gisway Information Technology Co (SZSE:301390) 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.

Hangzhou Gisway Information Technology Co LT-Debt-to-Total-Asset Related Terms

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Hangzhou Gisway Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hangzhou Gisway Information Technology Co Ltd (SZSE:301390) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 1899, Gudun Road, Room 626-628, 6th Floor, Building A1, Liangzhu, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311100

Website

https://www.gisway.com.cn

Hangzhou Gisway Information Technology Co Ltd mainly provides integrated power technology services such as power engineering consulting design, construction, operation and maintenance, energy saving, and electricity sales for customers such as power grids and affiliated enterprises, government agencies, and industrial and commercial enterprises. The company's business segment includes 3DGIS Smart Service, Power Integration Service, and Integrated Energy Services.

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