Dawning Information Industry Co (SHSE:603019) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Dawning Information Industry 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. Dawning Information Industry Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Dawning Information Industry Co's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.03). It may suggest that Dawning Information Industry Co is progressively becoming less dependent on debt to grow their business.

Dawning Information Industry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dawning Information Industry 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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Dawning Information Industry Co LT-Debt-to-Total-Asset Chart

Dawning Information Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.03

0.05

0.04

Dawning Information Industry Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															0.06	0.05	0.05	0.04	0.03

Dawning Information Industry Co LT-Debt-to-Total-Asset Calculation

Dawning Information Industry 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 )
	=	1312.511	/	31615.459
	=	0.04

Dawning Information Industry 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 )
	=	1079.087	/	31894.702
	=	0.03

Dawning Information Industry Co (SHSE:603019) 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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Dawning Information Industry Co (SHSE:603019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Dawning Information Industry Co Ltd (SHSE:603019) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Sugon Buliding, No.36 Zhongguancun Software Prak, No.8 Dongbeiwang West Road, Haidian District, Beijing, CHN, 100193

Website

http://www.sugon.com

Dawning Information Industry Co Ltd is a China-based company engages in the manufacturing and selling of computers and servers. The company also provides industrial solutions and cloud computing services. Its products include server products, safety products, high-performance computing products, infrastructure, storage products, and cloud computing products. It offers integrated information services such as cloud computing and large data, software development, system integration and technical services.

Executives

Weng Qi Nan	senior management
Ren Jing Yang	senior management
Xu Wen Chao	Directors, senior managers
Li Jun	Directors, senior managers
Nie Hua	Director
Shi Xin Dong	senior management

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