Zhangmen Education (Zhangmen Education) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2022)

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What is Zhangmen Education 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. Zhangmen Education's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.00.

Zhangmen Education's long-term debt to total assets ratio declined from Dec. 2020 (0.03) to Dec. 2022 (0.00). It may suggest that Zhangmen Education is progressively becoming less dependent on debt to grow their business.

Zhangmen Education LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhangmen Education'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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Zhangmen Education LT-Debt-to-Total-Asset Chart

Zhangmen Education Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.03

Zhangmen Education Quarterly Data
	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Dec21	Dec22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.03	0.03	0.04	-	-

Zhangmen Education LT-Debt-to-Total-Asset Calculation

Zhangmen Education's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.02	/	22.449
	=	0.00

Zhangmen Education's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	0.02	/	22.449
	=

Zhangmen Education (OTCPK:ZMENY) 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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Zhangmen Education (Zhangmen Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Zhangmen Education Inc (OTCPK:ZMENY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1666 North Sichuan Road, Hongkou District, Shanghai, CHN, 200080

Website

https://www.zhangmen.com

Zhangmen Education Inc is an online education company in China focused on providing personalized online courses to K-12 students. The core course offerings encompass one-on-one and small-class after-school tutoring services covering all core K-12 academic subjects.