M-Grass Ecology And Environment (Group) Co (SZSE:300355) LT-Debt-to-Total-Asset : 0.19 (As of Mar. 2024)

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What is M-Grass Ecology And Environment (Group) 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. M-Grass Ecology And Environment (Group) Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.19.

M-Grass Ecology And Environment (Group) Co's long-term debt to total assets ratio declined from Mar. 2023 (0.24) to Mar. 2024 (0.19). It may suggest that M-Grass Ecology And Environment (Group) Co is progressively becoming less dependent on debt to grow their business.

M-Grass Ecology And Environment (Group) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for M-Grass Ecology And Environment (Group) 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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M-Grass Ecology And Environment (Group) Co LT-Debt-to-Total-Asset Chart

M-Grass Ecology And Environment (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.22

0.25

0.24

0.18

M-Grass Ecology And Environment (Group) 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															0.24	0.21	0.20	0.18	0.19

M-Grass Ecology And Environment (Group) Co LT-Debt-to-Total-Asset Calculation

M-Grass Ecology And Environment (Group) 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 )
	=	2884.75	/	15937.335
	=	0.18

M-Grass Ecology And Environment (Group) 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 )
	=	2929.434	/	15383.03
	=	0.19

M-Grass Ecology And Environment (Group) Co (SZSE:300355) 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.

M-Grass Ecology And Environment (Group) Co LT-Debt-to-Total-Asset Related Terms

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M-Grass Ecology And Environment (Group) Co (SZSE:300355) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » M-Grass Ecology And Environment (Group) Co Ltd (SZSE:300355) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 71 West Yindu building B block 3 layer, Inner Mongolia City College of Hohhot, Huhehot, CHN

Website

http://www.mengcao.com

M-Grass Ecology And Environment (Group) Co Ltd, formerly Inner Mongolia M-Grass Ecology and Environment (Group) Co Ltd is an ecological restoration company. It provides services to industry in ecological restoration, water gardens, eco-ranch, pasture seed industry, and modern grass industry. Geographically operates through China.

Executives

Wang Zhao Ming	Director
Jiao Guo Shan	Director
Xu Yong Li	Director
Wang Yuan Yuan	Executives
Wang Jian Jun	Executives
Zhang Zhen Hua	Independent director
Li Jin Xia	Independent director
Xing Wen Rui	Directors, executives
Huang Fu Sheng	Executives
Guo Li Xia	Supervisors
Sun Xian Hong	Director
Zhao Yan	Director
Hao Yan Tao	Supervisors
Yang Yong Sheng	Supervisors

M-Grass Ecology And Environment (Group) Co (SZSE:300355) Headlines

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