Hebei Runnong Waterving Technology Co (BJSE:830964) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Hebei Runnong Waterving 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. Hebei Runnong Waterving Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Hebei Runnong Waterving Technology Co's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.03). It may suggest that Hebei Runnong Waterving Technology Co is progressively becoming more dependent on debt to grow their business.

Hebei Runnong Waterving Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hebei Runnong Waterving 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.

Hebei Runnong Waterving Technology Co LT-Debt-to-Total-Asset Chart

Hebei Runnong Waterving Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

Hebei Runnong Waterving Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.03	0.03

Hebei Runnong Waterving Technology Co LT-Debt-to-Total-Asset Calculation

Hebei Runnong Waterving 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 )
	=	5.186	/	1147.852
	=	0.00

Hebei Runnong Waterving Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	40.39	/	1323.307
	=	0.03

Hebei Runnong Waterving Technology Co (BJSE:830964) 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.

Hebei Runnong Waterving Technology Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Hebei Runnong Waterving Technology Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Hebei Runnong Waterving Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hebei Runnong Water saving Technology Co Ltd (BJSE:830964) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

South side of National Highway 102, Development Zone, Yutian County, Hebei Province, Tangshan, CHN, 064100

Website

http://www.hbrnjs.com

Hebei Runnong Water saving Technology Co Ltd is specializing in research and development, manufacturing, irrigation engineering design, and construction of water-saving irrigation products. The company product includes filter system for water-saving irrigation, automatic fertilization system, water-saving drip irrigation pipe (belt), frequency conversion control cabinet, sprinkler irrigation equipment, and others.

Hebei Runnong Waterving Technology Co Headlines

No Headlines