Taizhou Water Group Co (HKSE:01542) LT-Debt-to-Total-Asset : 0.59 (As of Jun. 2024)

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What is Taizhou Water Group 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. Taizhou Water Group Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.59.

Taizhou Water Group Co's long-term debt to total assets ratio increased from Jun. 2023 (0.57) to Jun. 2024 (0.59). It may suggest that Taizhou Water Group Co is progressively becoming more dependent on debt to grow their business.

Taizhou Water Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Taizhou Water Group 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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Taizhou Water Group Co LT-Debt-to-Total-Asset Chart

Taizhou Water Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.51

0.56

0.55

0.54

0.56

Taizhou Water Group Co Semi-Annual Data
	Dec16	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										0.57	0.54	0.57	0.56	0.59

Taizhou Water Group Co LT-Debt-to-Total-Asset Calculation

Taizhou Water Group 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 )
	=	3644.235	/	6456.568
	=	0.56

Taizhou Water Group Co'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 )
	=	3676.467	/	6246.621
	=	0.59

Taizhou Water Group Co (HKSE:01542) 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.

Taizhou Water Group Co LT-Debt-to-Total-Asset Related Terms

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Taizhou Water Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Taizhou Water Group Co Ltd (HKSE:01542) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 308 Yin Quan Road, Xicheng Street, Huangyan District, Zhejiang Province, Taizhou, CHN

Website

https://www.zjtzwater.com

Taizhou Water Group Co Ltd is a water supply service provider in Taizhou that supplies raw water and municipal water. It supplies tap water directly to end users and engages in the installation of water pipelines for distributing tap water to its end users. The company operates in one reportable operating segment which is water supply and installation of water pipelines. All of the group's revenue is generated from Mainland China.

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