WebRAY Tech (Beijing) Co (SHSE:688651) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is WebRAY Tech (Beijing) 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. WebRAY Tech (Beijing) Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

WebRAY Tech (Beijing) Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that WebRAY Tech (Beijing) Co is progressively becoming less dependent on debt to grow their business.

WebRAY Tech (Beijing) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for WebRAY Tech (Beijing) 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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WebRAY Tech (Beijing) Co LT-Debt-to-Total-Asset Chart

WebRAY Tech (Beijing) Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

WebRAY Tech (Beijing) Co Quarterly Data
	Dec13	Dec14	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.01	0.01	-	-	-

WebRAY Tech (Beijing) Co LT-Debt-to-Total-Asset Calculation

WebRAY Tech (Beijing) 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 )
	=	4.16	/	1140.756
	=	0.00

WebRAY Tech (Beijing) 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 )
	=	3.775	/	1140.593
	=	0.00

WebRAY Tech (Beijing) Co (SHSE:688651) 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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WebRAY Tech (Beijing) Co (SHSE:688651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WebRAY Tech (Beijing) Co Ltd (SHSE:688651) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 9, Shangdi Ninth Street, Room 209, 2nd Floor, Haidian, Beijing, CHN, 100085

Website

https://www.webray.com.cn

WebRAY Tech (Beijing) Co Ltd is engaged in Research and development, production and sales of network security products. The company is focused on the field of cyberspace security, with the mission of making cyberspace more orderly, providing customers with basic network security, business scene security, and cyberspace map security products and services.

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