IEIT Systems Co (SZSE:000977) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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What is IEIT Systems 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. IEIT Systems Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.16.

IEIT Systems Co's long-term debt to total assets ratio declined from Mar. 2023 (0.20) to Mar. 2024 (0.16). It may suggest that IEIT Systems Co is progressively becoming less dependent on debt to grow their business.

IEIT Systems Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for IEIT Systems 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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IEIT Systems Co LT-Debt-to-Total-Asset Chart

IEIT Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.03

0.10

0.17

IEIT Systems 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															0.20	0.21	0.21	0.17	0.16

IEIT Systems Co LT-Debt-to-Total-Asset Calculation

IEIT Systems 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 )
	=	8151.157	/	48119.625
	=	0.17

IEIT Systems 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 )
	=	7806.85	/	49960.857
	=	0.16

IEIT Systems Co (SZSE:000977) 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.

IEIT Systems Co LT-Debt-to-Total-Asset Related Terms

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IEIT Systems Co (SZSE:000977) Business Description

Industry

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Traded in Other Exchanges

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Address

1036 Langchao Road, Shandong Province, Jinan, CHN, 250101

Website

http://www.inspur.com

IEIT Systems Co Ltd formerly Inspur Electronic Information Industry Co Ltd is a China-based cloud computing, big data service provider. It is engaged in providing cloud computing solutions and services at IaaS, PaaS and SaaS levels. Its products include rack servers, blade systems, mission-critical systems, storage devices, mainframe security products and others. The company assists customers to build platforms underpinned by cloud computing infrastructure and based on its information software for governments, enterprises, and industries, terminal products, and solutions, the company support governments, enterprises, and industries in cloud construction. The company ships its IT products and services internationally.

Executives

Huang Jia Ming	Executives
Wu Long	Directors, executives
Gong Wei Feng	Executives
Chen Bin	Supervisors
Pang Song Tao	Director
Kong Liang	Executives
Guo Ji Jun	Executives
Hu Lei Jun	Executives
Zhang Ai Cheng	Executives

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