Glory View Technology Co (SZSE:301396) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Glory View 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. Glory View Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Glory View Technology Co's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.03). It may suggest that Glory View Technology Co is progressively becoming more dependent on debt to grow their business.

Glory View Technology Co LT-Debt-to-Total-Asset Historical Data

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

Glory View Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.04

Glory View Technology Co Quarterly Data
	Dec18	Dec19	Dec20	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												-	0.04	0.04	0.04	0.03

Glory View Technology Co LT-Debt-to-Total-Asset Calculation

Glory View 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 )
	=	78.19	/	2173.884
	=	0.04

Glory View 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 )
	=	69.523	/	2050.121
	=	0.03

Glory View Technology Co (SZSE:301396) 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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Glory View Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Glory View Technology Co Ltd (SZSE:301396) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 162, Science Avenue, Units 701 and 702, 7th Floor, District B2, Guangzhou High-tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510663

Website

http://www.gloryview.com

Glory View Technology Co Ltd is engaged in providing smart city solutions including smart medical care, smart education, smart community, smart buildings, smart government affairs, and smart parks in the three major areas of smart people's livelihood, urban comprehensive management, and smart parks.

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