Kingnet Network Co (SZSE:002517) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Kingnet Network 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. Kingnet Network Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

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

Kingnet Network Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kingnet Network 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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Kingnet Network Co LT-Debt-to-Total-Asset Chart

Kingnet Network Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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Kingnet Network 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															-	-	-	-	-

Kingnet Network Co LT-Debt-to-Total-Asset Calculation

Kingnet Network 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 )
	=	3.249	/	6610.37
	=	0.00

Kingnet Network 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 )
	=	3.05	/	7211.733
	=	0.00

Kingnet Network Co (SZSE:002517) 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.

Kingnet Network Co LT-Debt-to-Total-Asset Related Terms

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Kingnet Network Co (SZSE:002517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Kingnet Network Co Ltd (SZSE:002517) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2388, Chenhang Highway, Building 3, Pujiang High-tech Plaza, Minhang District, Shanghai, CHN, 201114

Website

https://www.kingnet.com

Kingnet Network Co Ltd is a Chinese-based online game company. The company's main business covers research and development as well as the operation and publishing of quality entertainment content, including mobile games, web games, and PC games. It also engages in the operation of web game platforms and mobile app distribution platforms.

Executives

Jin Feng	Director
Qian Jun Fa	Directors, executives
Lin Bin	Executives
Tang Yue	Executives
Shen Jun	Directors, executives
Zhao Fan	Directors, executives
Huang Zhen Feng	Executives
Liu Hong Lin	Secretary Dong
Shen Liang	Directors, executives
Chen Yong Cong	Directors, executives
Fan Bo	Executives
Qin Wei	Supervisors
Ning Bing Yang	Executives
Wang Yue	Directors, executives
Feng Xian Chao	Directors, executives

Kingnet Network Co (SZSE:002517) Headlines

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