China Everbright Environment Group (China Everbright Environment Group) LT-Debt-to-Total-Asset : 0.38 (As of Dec. 2023)

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What is China Everbright Environment Group 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. China Everbright Environment Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.38.

China Everbright Environment Group's long-term debt to total assets ratio declined from Dec. 2022 (0.39) to Dec. 2023 (0.38). It may suggest that China Everbright Environment Group is progressively becoming less dependent on debt to grow their business.

China Everbright Environment Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Everbright Environment Group'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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China Everbright Environment Group LT-Debt-to-Total-Asset Chart

China Everbright Environment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.36

0.41

0.43

0.39

0.38

China Everbright Environment Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	0.41	0.39	0.38	0.38

China Everbright Environment Group LT-Debt-to-Total-Asset Calculation

China Everbright Environment Group'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 )
	=	9155.897	/	24223.773
	=	0.38

China Everbright Environment Group'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 )
	=	9155.897	/	24223.773
	=	0.38

China Everbright Environment Group (OTCPK:CHFFY) 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.

China Everbright Environment Group LT-Debt-to-Total-Asset Related Terms

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China Everbright Environment Group (China Everbright Environment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Everbright Environment Group Ltd (OTCPK:CHFFY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CHFFF:USA 00257:Hong Kong CNE:Germany

Address

16 Harcourt Road, Room 2703, 27th Floor, Far East Finance Centre, Hong Kong, HKG

Website

https://www.cebenvironment.com

China Everbright Environment Group Ltd is engaged in construction, environmental energy project operation, Greentech project operation, environmental water project operation, the conduct of environmental protection technology research and development, provision of environmental-related technological services, design of environmental protection projects, provision of environmental protection project equipment construction and installation services and sales of related equipment, provision of waste sorting, renewable resources utilization, sanitation operation services, sales of energy-saving streetlights. Its segments are Environmental energy project construction and operation, Greentech project construction and operation, Environmental water project construction and operation, and Others.

China Everbright Environment Group (China Everbright Environment Group) Headlines

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