EVGRF (China Evergrande New Energy Vehicle Group) LT-Debt-to-Total-Asset: 0.77 (As of Jun. 2024)


EVGRF China Evergrande New Energy Vehicle Group Ltd EVGRF
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What is China Evergrande New Energy Vehicle Group LT-Debt-to-Total-Asset?

China Evergrande New Energy Vehicle Group EVGRF 4 LT-Debt-to-Total-Asset is 0.77 as of Jun. 2024. GuruFocus rates EVGRF with a GF Score™ of 4/100.

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 Evergrande New Energy Vehicle Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.77.

China Evergrande New Energy Vehicle Group's long-term debt to total assets ratio increased from Jun. 2023 (0.30) to Jun. 2024 (0.77). It may suggest that China Evergrande New Energy Vehicle Group is progressively becoming more dependent on debt to grow their business.

China Evergrande New Energy Vehicle Group  (OTCPK:EVGRF) 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 Evergrande New Energy Vehicle Group LT-Debt-to-Total-Asset Related Terms

China Evergrande New Energy Vehicle Group LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for China Evergrande New Energy Vehicle 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.

China Evergrande New Energy Vehicle Group LT-Debt-to-Total-Asset Chart

China Evergrande New Energy Vehicle Group Annual Data
Trend Jun14 Jun15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 0.38 0.08 0.11 0.36

China Evergrande New Energy Vehicle Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.11 0.30 0.36 0.77
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China Evergrande New Energy Vehicle Group Ltd EVGRF
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China Evergrande New Energy Vehicle Group LT-Debt-to-Total-Asset Calculation

China Evergrande New Energy Vehicle 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 )
=1753.852/4880.923
=0.36

China Evergrande New Energy Vehicle Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )/Total Assets (Q: Jun. 2024 )
=1736.687/2256.316
=0.77

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.77 mean?
China Evergrande New Energy Vehicle Group (EVGRF) has a LT-Debt-to-Total-Asset of 0.77 as of Jun. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on China Evergrande New Energy Vehicle Group and its competitors.
Is China Evergrande New Energy Vehicle Group's LT-Debt-to-Total-Asset too high?
China Evergrande New Energy Vehicle Group's current LT-Debt-to-Total-Asset is 0.77. Overall, China Evergrande New Energy Vehicle Group has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does China Evergrande New Energy Vehicle Group's LT-Debt-to-Total-Asset compare to JYNT and AONC?
China Evergrande New Energy Vehicle Group's LT-Debt-to-Total-Asset of 0.77 can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Healthcare Providers & Services company?
A good LT-Debt-to-Total-Asset depends on the Healthcare Providers & Services industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on China Evergrande New Energy Vehicle Group and its competitors. China Evergrande New Energy Vehicle Group's current LT-Debt-to-Total-Asset is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Evergrande New Energy Vehicle Group stock overvalued right now?
China Evergrande New Energy Vehicle Group (EVGRF) has a current LT-Debt-to-Total-Asset of 0.77. The current LT-Debt-to-Total-Asset is 0.77. China Evergrande New Energy Vehicle Group's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For China Evergrande New Energy Vehicle Group (EVGRF), the current LT-Debt-to-Total-Asset is 0.77 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Evergrande New Energy Vehicle Group Business Description

Address No. 78 Huangpu Avenue West, 28th Floor, Evergrande International Center, Guangdong Province, Guangzhou, CHN, 510620
China Evergrande New Energy Vehicle Group Ltd is engaged in the technology research and development, production, and sales of new energy vehicles. It is also involved in community health management, international hospitals, and the elderly care and rehabilitation business. The company's operating segments include Health Management and New Energy Vehicle. It generates most of its revenues from Health Management segment.
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