Tianneng Power International (HKSE:00819) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Tianneng Power International 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. Tianneng Power International's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Tianneng Power International's long-term debt to total assets ratio increased from Dec. 2022 (0.04) to Dec. 2023 (0.06). It may suggest that Tianneng Power International is progressively becoming more dependent on debt to grow their business.

Tianneng Power International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tianneng Power International'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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Tianneng Power International LT-Debt-to-Total-Asset Chart

Tianneng Power International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.03

0.04

0.06

Tianneng Power International 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															0.04	0.04	0.04	0.03	0.06

Tianneng Power International LT-Debt-to-Total-Asset Calculation

Tianneng Power International'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 )
	=	3098.774	/	51135.204
	=	0.06

Tianneng Power International'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 )
	=	3098.774	/	51135.204
	=	0.06

Tianneng Power International (HKSE:00819) 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.

Tianneng Power International LT-Debt-to-Total-Asset Related Terms

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Tianneng Power International (HKSE:00819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tianneng Power International Ltd (HKSE:00819) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harbour Road, Suite 3202, 32nd Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.tianneng.com.hk

Tianneng Power International Ltd is an electronic components company. It operates through two business segments: sales of batteries and battery-related accessories, and trading of new energy material. The company is primarily engaged in manufacturing and selling of lead-acid batteries and battery-related accessories including motive, solar, and wind-powered batteries, lithium battery products, electrical bicycle batteries, and special-purpose batteries mainly used for electrical vehicles, and energy storage battery, among others. A vast majority of revenue is generated by the company's sale of batteries and battery-related accessories segment, and the company earns most of its revenue in The People's Republic of China.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Yang Yaping	2202 Interest of your spouse
Zhang Tianren	2201 Interest of corporation controlled by you
Prime Leader Global Limited	2101 Beneficial owner

Tianneng Power International (HKSE:00819) Headlines

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