China National Software & Service Co (SHSE:600536) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is China National Software & Service 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. China National Software & Service Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

China National Software & Service Co's long-term debt to total assets ratio increased from Mar. 2023 (0.07) to Mar. 2024 (0.08). It may suggest that China National Software & Service Co is progressively becoming more dependent on debt to grow their business.

China National Software & Service Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China National Software & Service 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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China National Software & Service Co LT-Debt-to-Total-Asset Chart

China National Software & Service 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

0.05

0.08

0.07

0.08

China National Software & Service 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															0.07	0.07	0.09	0.08	0.08

China National Software & Service Co LT-Debt-to-Total-Asset Calculation

China National Software & Service 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 )
	=	718.201	/	9256.072
	=	0.08

China National Software & Service 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 )
	=	699.43	/	8797.183
	=	0.08

China National Software & Service Co (SHSE:600536) 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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China National Software & Service Co (SHSE:600536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » China National Software & Service Co Ltd (SHSE:600536) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 18, Chang Sheng Road, Changping District, Beijing, CHN, 102200

Website

https://www.css.com.cn

China National Software & Service Co Ltd is a software company to specialize in providing high-quality firmware, enterprise information systems software and a broad portfolio of other IT and software development services.

Executives

Yang Chun Ping	senior management
Chen Fu Xing	senior management
He Wen Zhe	senior management
Fu Xing Bin	Directors, senior managers
Du Qian	senior management
Han Guang	senior management
Wu Jing	senior management
Zhou Jin Jun	Director
Shang Ming	senior management
Cheng Chun Ping	Director
Cui Hui	Director

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