Nexwise Intelligence China (SZSE:301248) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Nexwise Intelligence China 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. Nexwise Intelligence China's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

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

Nexwise Intelligence China LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nexwise Intelligence China'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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Nexwise Intelligence China LT-Debt-to-Total-Asset Chart

Nexwise Intelligence China Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.10

0.01

Nexwise Intelligence China Quarterly Data
	Jun15	Dec17	Dec18	Dec19	Mar20	Jun20	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	0.01	-	0.01

Nexwise Intelligence China LT-Debt-to-Total-Asset Calculation

Nexwise Intelligence China'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 )
	=	8.498	/	2321.205
	=	0.00

Nexwise Intelligence China'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 )
	=	16.92	/	2299.987
	=	0.01

Nexwise Intelligence China (SZSE:301248) 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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Nexwise Intelligence China (SZSE:301248) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Nexwise Intelligence China Ltd (SZSE:301248) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 162, Science Avenue, Unit 301, Building B3, High-tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510663

Website

http://www.nexwise.com.cn

Nexwise Intelligence China Ltd is a high-tech company in computing, intelligent system and security services. It is committed to security systems and intelligent systems, providing excellent services to military, government, police, energy and infrastructure and other partners.

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