Shenzhen Bingchuan Network Co (SZSE:300533) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Shenzhen Bingchuan 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. Shenzhen Bingchuan Network Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Shenzhen Bingchuan Network Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.02). It may suggest that Shenzhen Bingchuan Network Co is progressively becoming more dependent on debt to grow their business.

Shenzhen Bingchuan Network Co LT-Debt-to-Total-Asset Historical Data

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

Shenzhen Bingchuan Network 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

Shenzhen Bingchuan 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															0.01	0.01	0.02	0.02	0.02

Shenzhen Bingchuan Network Co LT-Debt-to-Total-Asset Calculation

Shenzhen Bingchuan 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 )
	=	58.057	/	2661.886
	=	0.02

Shenzhen Bingchuan 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 )
	=	54.873	/	2609.249
	=	0.02

Shenzhen Bingchuan Network Co (SZSE:300533) 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 Bingchuan Network Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Bingchuan Network Co (SZSE:300533) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Shenzhen Bingchuan Network Co Ltd (SZSE:300533) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shenzhen Science and Technology, Road No. 1, 601, 602 rooms, Software Park (2) 9, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.q1.com

Shenzhen Bingchuan Network Co Ltd engages in the development and operation of integrated network online games. Its business activities include the development and sale of computer software and hardware; and provision of computer programming services. The company's products mainly are a personal computer (PC) online games, mobile games.

Executives

Liu He Guo	Directors, executives
Zhou Dai Hong	Supervisors
Chen Tao	Directors, executives

Shenzhen Bingchuan Network Co (SZSE:300533) Headlines

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