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Aofu Environmental Technology Co (SHSE:688021) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)


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What is Aofu Environmental 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. Aofu Environmental Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Aofu Environmental Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.08). It may suggest that Aofu Environmental Technology Co is progressively becoming less dependent on debt to grow their business.


Aofu Environmental Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aofu Environmental 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.

* Premium members only.

Aofu Environmental Technology Co LT-Debt-to-Total-Asset Chart

Aofu Environmental Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial - 0.01 0.01 0.09 0.08

Aofu Environmental Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.09 0.08 0.08 0.08

Aofu Environmental Technology Co LT-Debt-to-Total-Asset Calculation

Aofu Environmental 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 )
=112.327/1479.853
=0.08

Aofu Environmental 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 )
=119.837/1458.791
=0.08

* 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.


Aofu Environmental Technology Co  (SHSE:688021) 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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Aofu Environmental Technology Co (SHSE:688021) Business Description

Traded in Other Exchanges
N/A
Address
East side of south of Fumin Road, Economic Development Zone, Linyi County, Shandong Province, Dezhou, CHN, 251500
Aofu Environmental Technology Co Ltd is a China based company engaged in the manufacturing of ceramic products.
Executives
Wang Jian Zhong Director
Huang Fei Hui Core technical personnel
Ni Shou Cai Directors, senior managers, core technical personn
Feng Zhen Hai senior management
Liu Hong Yue Director
Zhang Xu Guang Supervisors

Aofu Environmental Technology Co (SHSE:688021) Headlines

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