China Carbon Neutral Development Group (HKSE:01372) LT-Debt-to-Total-Asset : 0.19 (As of Dec. 2023)

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What is China Carbon Neutral Development 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. China Carbon Neutral Development Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.19.

China Carbon Neutral Development Group's long-term debt to total assets ratio declined from Dec. 2022 (0.65) to Dec. 2023 (0.19). It may suggest that China Carbon Neutral Development Group is progressively becoming less dependent on debt to grow their business.

China Carbon Neutral Development Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Carbon Neutral Development 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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China Carbon Neutral Development Group LT-Debt-to-Total-Asset Chart

China Carbon Neutral Development Group Annual Data

Trend

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Jun24

LT-Debt-to-Total-Asset

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1.53

0.44

0.65

0.19

0.08

China Carbon Neutral Development Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	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															0.42	0.65	0.27	0.19	0.08

China Carbon Neutral Development Group LT-Debt-to-Total-Asset Calculation

China Carbon Neutral Development 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 )
	=	93.835	/	492.266
	=	0.19

China Carbon Neutral Development Group'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 )
	=	93.835	/	492.266
	=	0.19

China Carbon Neutral Development Group (HKSE:01372) 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 Carbon Neutral Development Group LT-Debt-to-Total-Asset Related Terms

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China Carbon Neutral Development Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Carbon Neutral Development Group Ltd (HKSE:01372) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Yip Kan Street, Wong Chuk Hang, Unit 1808, 18 Floor, Landmark South, Hong Kong, HKG, +85 237288700

Website

http://www.carbonneutral.com.hk

China Carbon Neutral Development Group Ltd is an investment holding company. The group is engaged in the segments of Carbon Neutral Business having two sub-segments: New Energy Business and Renewable Energy Segment, and Civil engineering and construction. It derives key revenue from the Civil engineering and construction segment which involves civil engineering works and building construction and maintenance works, from Hong Kong following by Mainland China. It has a business presence in Hong Kong and Mainland China.

Executives

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