Cielo Waste Solutions (Cielo Waste Solutions) LT-Debt-to-Total-Asset : 0.04 (As of Jan. 2024)

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What is Cielo Waste Solutions 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. Cielo Waste Solutions's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.04.

Cielo Waste Solutions's long-term debt to total assets ratio declined from Jan. 2023 (0.31) to Jan. 2024 (0.04). It may suggest that Cielo Waste Solutions is progressively becoming less dependent on debt to grow their business.

Cielo Waste Solutions LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cielo Waste Solutions'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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Cielo Waste Solutions LT-Debt-to-Total-Asset Chart

Cielo Waste Solutions Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

LT-Debt-to-Total-Asset

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0.14

0.41

0.02

0.28

Cielo Waste Solutions Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	-	0.07	0.14	0.04

Cielo Waste Solutions LT-Debt-to-Total-Asset Calculation

Cielo Waste Solutions's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as

LT Debt to Total Assets (A: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )	/	Total Assets (A: Apr. 2023 )
	=	0.045	/	21.778
	=

Cielo Waste Solutions's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	1.813	/	44.422
	=

Cielo Waste Solutions (OTCPK:CWSFF) 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.

Cielo Waste Solutions LT-Debt-to-Total-Asset Related Terms

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Cielo Waste Solutions (Cielo Waste Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cielo Waste Solutions Corp (OTCPK:CWSFF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

C36:Germany CMC:Canada

Address

605 5th Avenue, S.W., Suite 1100, Calgary, AB, CAN, T2P 3H5

Website

https://www.cielows.com

Cielo Waste Solutions Corp is a Canada-based company principally engaged in the business of refining municipal and construction waste into high-grade renewable fuels. Its technologies are focused on materials recovery, renewable diesel, and landfill reduction through responsible diversion practices. The business operations of the company are carried out in Canada and the United States.