China Bester Group Telecom Co (SHSE:603220) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is China Bester Group Telecom 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. China Bester Group Telecom Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

China Bester Group Telecom Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.15). It may suggest that China Bester Group Telecom Co is progressively becoming more dependent on debt to grow their business.

China Bester Group Telecom Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Bester Group Telecom 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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China Bester Group Telecom Co LT-Debt-to-Total-Asset Chart

China Bester Group Telecom 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

0.03

0.12

China Bester Group Telecom 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	0.01	0.12	0.15

China Bester Group Telecom Co LT-Debt-to-Total-Asset Calculation

China Bester Group Telecom 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 )
	=	714.345	/	6139.943
	=	0.12

China Bester Group Telecom 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 )
	=	888.252	/	6103.826
	=	0.15

China Bester Group Telecom Co (SHSE:603220) 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.

China Bester Group Telecom Co LT-Debt-to-Total-Asset Related Terms

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China Bester Group Telecom Co (SHSE:603220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Bester Group Telecom Co Ltd (SHSE:603220) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 25, Jiangxing Road, Building C, Jianghan Economic Development Zone, Wuhan, Hubei, CHN, 430023

Website

http://www.whbester.com

China Bester Group Telecom Co Ltd formerly known as Wuhan Bester Group Telecom Co Ltd is specialized in communications network technology services. It is engaged in planning, design, construction, maintenance, and optimization of communications networks for telecom operators in China. It offers full-service information solutions for governments, industries and enterprises. Further it offers personalized information services to the public.

Executives

Feng Gang	Director
Yu Shi Liang	senior management
Li Yun	Directors, senior managers
Li Liu Bing	Directors, senior managers
Li Wei Jian	senior management
Tang Hai Bin	Supervisors
Wu Yan Qin	Director
Rao You Gen	senior management
Cheng De Song	senior management

China Bester Group Telecom Co (SHSE:603220) Headlines

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