Jiawei Renewable Energy Co (SZSE:300317) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Jiawei Renewable Energy 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. Jiawei Renewable Energy Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Jiawei Renewable Energy Co's long-term debt to total assets ratio increased from Mar. 2023 (0.06) to Mar. 2024 (0.11). It may suggest that Jiawei Renewable Energy Co is progressively becoming more dependent on debt to grow their business.

Jiawei Renewable Energy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiawei Renewable Energy 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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Jiawei Renewable Energy Co LT-Debt-to-Total-Asset Chart

Jiawei Renewable Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.04

0.03

0.11

Jiawei Renewable Energy 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															0.06	0.05	0.09	0.11	0.11

Jiawei Renewable Energy Co LT-Debt-to-Total-Asset Calculation

Jiawei Renewable Energy 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 )
	=	317.652	/	2932.945
	=	0.11

Jiawei Renewable Energy 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 )
	=	327.447	/	2952.702
	=	0.11

Jiawei Renewable Energy Co (SZSE:300317) 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.

Jiawei Renewable Energy Co LT-Debt-to-Total-Asset Related Terms

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Jiawei Renewable Energy Co (SZSE:300317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiawei Renewable Energy Co Ltd (SZSE:300317) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

3099 Keyuan South Road, Unit 33A, CES Tower, Nanshan District, Shenzhen, CHN, 518117

Website

http://www.jiawei.com

Jiawei Renewable Energy Co Ltd operates in the photovoltaic lighting industry. The company is engaged in the research and development, manufacturing and sales of photovoltaic lighting products. Its product offering consists of Lithium-ion Battery, Photovoltaic Power and Smart Lighting.

Executives

Ding Kong Xian	Director
Zhu Ting Ting	Securities Affairs Representative
Bai Liang	Directors, executives
Li Hua Zheng	Supervisors
Peng Qin Wen	Secretary Dong
Wu Wan Qun	Supervisors
Cheng Shi Chang	Director

Jiawei Renewable Energy Co (SZSE:300317) Headlines

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