Guodian Technology & Environment Group (HKSE:01296) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2021)

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What is Guodian Technology & 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. Guodian Technology & Environment Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2021 was 0.08.

Guodian Technology & Environment Group's long-term debt to total assets ratio declined from Dec. 2020 (0.12) to Dec. 2021 (0.08). It may suggest that Guodian Technology & Environment Group is progressively becoming less dependent on debt to grow their business.

Guodian Technology & Environment Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guodian Technology & 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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Guodian Technology & Environment Group LT-Debt-to-Total-Asset Chart

Guodian Technology & Environment Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.11

0.16

0.12

0.08

Guodian Technology & Environment Group Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.16	0.12	0.15	0.08

Guodian Technology & Environment Group LT-Debt-to-Total-Asset Calculation

Guodian Technology & Environment Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	2529.432	/	29963.929
	=	0.08

Guodian Technology & Environment Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (Q: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2021 )	/	Total Assets (Q: Dec. 2021 )
	=	2529.432	/	29963.929
	=	0.08

Guodian Technology & Environment Group (HKSE:01296) 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.

Guodian Technology & Environment Group LT-Debt-to-Total-Asset Related Terms

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Guodian Technology & Environment Group (HKSE:01296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guodian Technology & Environment Group Corp Ltd (HKSE:01296) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

W.4th Ring Middle Road, Suite 1101, 11th Floor, Building 1, Yard 16, Haidian District, Beijing, CHN, 100039

Website

http://www.khjt.com.cn

Guodian Technology & Environment Group Corp Ltd together with its subsidiaries offers flagship platform for environmental protection and energy conservation solutions businesses. It operates in the following segments: Environmental Protection; Energy Conservation Solutions; Wind Power Products and Services; and All Others. The Environmental Protection segment offers environmental protection products and services which mainly consist of sulphur oxide, nitrogen oxide control technologies, rental of desulphurization and denitrification facilities. Energy Conservation Solutions segment which derives the majority of revenue covers energy-saving products and services. Wind Power Products and Services segment manufactures and sells wind turbine parts and components.

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