Ispire Technology (Ispire Technology) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Ispire Technology 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. Ispire Technology's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Ispire Technology's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.03). It may suggest that Ispire Technology is progressively becoming more dependent on debt to grow their business.

Ispire Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ispire Technology'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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Ispire Technology LT-Debt-to-Total-Asset Chart

Ispire Technology Annual Data

Trend

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.04

Ispire Technology Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.01	0.03	0.04	0.04	0.03

Ispire Technology LT-Debt-to-Total-Asset Calculation

Ispire Technology's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	3.356	/	90.693
	=	0.04

Ispire Technology's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	3.068	/	90.58
	=	0.03

Ispire Technology (NAS:ISPR) 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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Ispire Technology (Ispire Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Ispire Technology Inc (NAS:ISPR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

19700 Magellan Drive, Los Angeles, CA, USA, 90502

Website

https://www.ispiretechnology.com

Ispire Technology Inc is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products.

Executives

Daniel J. Machock	officer: Chief Financial Officer	19700 MAGELLAN DRIVE, LOS ANGELESC CA 90502
Christopher Robert Burch	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Jeffrey Doiron	officer: Chief Revenue Officer	3606 W MAGNOLIA BLVD, BURBANK CA 91505
John Fargis	director	2000 S BAYSHORE DR, UNIT 20, MIAMI FL 33133
Joel Paritz	director	204 MAIN STREET, FORT LEE NJ 07024
Lauren Stower	officer: Chief Impact Officer	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Brent Cox	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Ted Rouhani	officer: Chief Operating Officer	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Michael Xue Wang	officer: CHIEF FINANCIAL OFFICER	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Tuanfang Liu	director, 10 percent owner, officer: CEO and Chairman	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Jiangyan Zhu	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Pride Worldwide Investment Ltd	10 percent owner	14 JIANAN ROAD, TANGWEI FUYONG TOWN GUANGDONG PROVINCE, SHENZHEN F4 000000