Triumph New Energy Co (HKSE:01108) LT-Debt-to-Total-Asset : 0.23 (As of Sep. 2024)

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What is Triumph New Energy 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. Triumph New Energy Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.23.

Triumph New Energy Co's long-term debt to total assets ratio increased from Sep. 2023 (0.20) to Sep. 2024 (0.23). It may suggest that Triumph New Energy Co is progressively becoming more dependent on debt to grow their business.

Triumph New Energy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Triumph New Energy 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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Triumph New Energy Co LT-Debt-to-Total-Asset Chart

Triumph New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.11

0.16

0.25

Triumph New Energy 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															0.20	0.25	0.24	0.24	0.23

Triumph New Energy Co LT-Debt-to-Total-Asset Calculation

Triumph New Energy 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 )
	=	3423.288	/	13593.155
	=	0.25

Triumph New Energy 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 )
	=	3174.707	/	13965.719
	=	0.23

Triumph New Energy Co (HKSE:01108) 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.

Triumph New Energy Co LT-Debt-to-Total-Asset Related Terms

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Triumph New Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Triumph New Energy Co Ltd (HKSE:01108) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LUG:Germany 600876:China

Address

No. 9, Tang Gong Zhong Lu, Xigong District, Henan Province, Luoyang, CHN, 471009

Website

http://www.zhglb.com

Triumph New Energy Co Ltd formerly Luoyang Glass Co Ltd is engaged in the research and development, manufacturing, and sales of new energy materials. main products include glass for double-glass modules, AR photovoltaic coating glass, high transparent photovoltaic toughened glass, and other photovoltaic cell packaging materials for solar equipment. The company generates revenue from the production and sales of products. Its business segments are Namely new energy glass segment and Other functional glass.

Executives

The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
Invesco Capital Management Llc	2102 Investment manager
Invesco Exchange-traded Fund Trust Ii - Invesco Solar Etf	2106 Person having a security interest in shares
Bank Of America Corporation	2201 Interest of corporation controlled by you

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