Guangzhou Frontop Digital Creative Technology Co (SZSE:301313) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Guangzhou Frontop Digital Creative Technology 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. Guangzhou Frontop Digital Creative Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Guangzhou Frontop Digital Creative Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Guangzhou Frontop Digital Creative Technology Co is progressively becoming less dependent on debt to grow their business.

Guangzhou Frontop Digital Creative Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangzhou Frontop Digital Creative Technology 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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Guangzhou Frontop Digital Creative Technology Co LT-Debt-to-Total-Asset Chart

Guangzhou Frontop Digital Creative Technology Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.01

Guangzhou Frontop Digital Creative Technology Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	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	0.01

Guangzhou Frontop Digital Creative Technology Co LT-Debt-to-Total-Asset Calculation

Guangzhou Frontop Digital Creative Technology 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 )
	=	15.092	/	1498.314
	=	0.01

Guangzhou Frontop Digital Creative Technology 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 )
	=	13.979	/	1448.528
	=	0.01

Guangzhou Frontop Digital Creative Technology Co (SZSE:301313) 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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Guangzhou Frontop Digital Creative Technology Co (SZSE:301313) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Guangzhou Frontop Digital Creative Technology Co Ltd (SZSE:301313) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2701, 2703, 2704, 2705, 2706, 2707, No. 117, Longyi Road, Tianhe District, Guangdong Province, Guangzhou, CHN, 510000

Website

https://www.frontop.cn

Guangzhou Frontop Digital Creative Technology Co Ltd is committed to digital multimedia display services and cutting-edge technology exploration and research. It has around 6 domestic technology creative service centers - Beijing, Shanghai, Guangzhou, Shenzhen, Wuhan and several domestic branches.

Executives

Ke Mao Xu	Director
Du Jian Quan	Supervisors
Zhang Yu	Directors, executives

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