CleanGo Innovations (STU:APO) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is CleanGo Innovations 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. CleanGo Innovations's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

CleanGo Innovations's long-term debt to total assets ratio declined from Dec. 2022 (0.44) to Dec. 2023 (0.10). It may suggest that CleanGo Innovations is progressively becoming less dependent on debt to grow their business.

CleanGo Innovations LT-Debt-to-Total-Asset Historical Data

The historical data trend for CleanGo Innovations'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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CleanGo Innovations LT-Debt-to-Total-Asset Chart

CleanGo Innovations Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.04

0.44

0.10

CleanGo Innovations Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.44	0.32	0.31	0.88	0.10

CleanGo Innovations LT-Debt-to-Total-Asset Calculation

CleanGo Innovations'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 )
	=	0.059	/	0.576
	=	0.10

CleanGo Innovations's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.059	/	0.576
	=	0.10

CleanGo Innovations (STU:APO) 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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CleanGo Innovations (STU:APO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » CleanGo Innovations Inc (STU:APO) » Definitions » LT-Debt-to-Total-Asset

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CLGOF:USA APO:Germany CGII:Canada

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.cleangogreengo.com

CleanGo Innovations Inc is to manufacture and sells cleaning, disinfecting and industrial solutions using a proprietary formulation that is non-toxic, biodegradable, and uses no harsh chemicals to provide a green cleaning, disinfecting, and emulsifying solution. This Company also manufactures hand sanitizer gel and wipes which are sold throughout the USA and Canada.