NEWANGE Smart Environmental Technology Service Co (BJSE:831370) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is NEWANGE Smart Environmental Technology Service 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. NEWANGE Smart Environmental Technology Service Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

NEWANGE Smart Environmental Technology Service Co's long-term debt to total assets ratio declined from Sep. 2023 (0.04) to Sep. 2024 (0.04). It may suggest that NEWANGE Smart Environmental Technology Service Co is progressively becoming less dependent on debt to grow their business.

NEWANGE Smart Environmental Technology Service Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for NEWANGE Smart Environmental Technology Service 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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NEWANGE Smart Environmental Technology Service Co LT-Debt-to-Total-Asset Chart

NEWANGE Smart Environmental Technology Service Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

0.01

0.04

NEWANGE Smart Environmental Technology Service 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															0.04	0.04	0.04	0.04	0.04

NEWANGE Smart Environmental Technology Service Co LT-Debt-to-Total-Asset Calculation

NEWANGE Smart Environmental Technology Service 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 )
	=	39.785	/	925.956
	=	0.04

NEWANGE Smart Environmental Technology Service 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 )
	=	33.648	/	862.783
	=	0.04

NEWANGE Smart Environmental Technology Service Co (BJSE:831370) 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.

NEWANGE Smart Environmental Technology Service Co LT-Debt-to-Total-Asset Related Terms

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NEWANGE Smart Environmental Technology Service Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » NEWANGE Smart Environmental Technology Service Co Ltd (BJSE:831370) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

1-1, Building 3, No. 64, Middle Section of Huangshan Avenue, North New District, Chongqing, CHN

Website

http://www.cqange.com

NEWANGE Smart Environmental Technology Service Co Ltd is involved in the Cleaning and collection of domestic garbage on urban roads.

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