Shenzhen Topway Video Communication Co (SZSE:002238) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Shenzhen Topway Video Communication 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. Shenzhen Topway Video Communication Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Shenzhen Topway Video Communication Co's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.04). It may suggest that Shenzhen Topway Video Communication Co is progressively becoming more dependent on debt to grow their business.

Shenzhen Topway Video Communication Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Topway Video Communication 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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Shenzhen Topway Video Communication Co LT-Debt-to-Total-Asset Chart

Shenzhen Topway Video Communication Co Annual Data

Trend

Dec14

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Dec18

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Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.04

Shenzhen Topway Video Communication 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															0.04	0.04	0.04	0.04	0.04

Shenzhen Topway Video Communication Co LT-Debt-to-Total-Asset Calculation

Shenzhen Topway Video Communication 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 )
	=	183.676	/	4354.613
	=	0.04

Shenzhen Topway Video Communication 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 )
	=	185.25	/	4314.642
	=	0.04

Shenzhen Topway Video Communication Co (SZSE:002238) 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.

Shenzhen Topway Video Communication Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Topway Video Communication Co (SZSE:002238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shenzhen Topway Video Communication Co Ltd (SZSE:002238) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 6001 Caitian Road, Futian District, Shenzhen, Guangdong, CHN, 518036

Website

http://www.topway.com.cn

Shenzhen Topway Video Communication Co Ltd is engaged in construction, operation, and maintenance of cable TV networks which include providing cable TV viewing services, and TV value-added services. The firm offers different family packages, broadband transfer, new installation, and new account opening.

Executives

Chen Xiao Hua	Supervisors
Cai Guo Qiang	Director
Lv Jian Jie	Directors, executives
Cai Chuan Yi	Supervisors
Chen Zhi Cai	Executives

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