Central New Energy Holding Group (HKSE:01735) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is Central New Energy Holding 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. Central New Energy Holding Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

Central New Energy Holding Group's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.08). It may suggest that Central New Energy Holding Group is progressively becoming more dependent on debt to grow their business.

Central New Energy Holding Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Central New Energy Holding 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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Central New Energy Holding Group LT-Debt-to-Total-Asset Chart

Central New Energy Holding Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.08

Central New Energy Holding Group Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.04	0.03	-	0.08	0.08

Central New Energy Holding Group LT-Debt-to-Total-Asset Calculation

Central New Energy Holding 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 )
	=	288.431	/	3496.284
	=	0.08

Central New Energy Holding 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 )
	=	288.431	/	3496.284
	=	0.08

Central New Energy Holding Group (HKSE:01735) 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.

Central New Energy Holding Group LT-Debt-to-Total-Asset Related Terms

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Central New Energy Holding Group (HKSE:01735) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Central New Energy Holding Group Ltd (HKSE:01735) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

191 Java Road, 21th Floor, Unit 2102–03, 10–12, Central K.Wah Centre, North Point, Hong Kong, HKG

Website

http://www.chghk.com

Central New Energy Holding Group Ltd, formerly Central Holding Group Co Ltd is an investment holding company. The company's operating segment includes Building works and construction-related business, superstructure building works, and construction materials supplies; which provide piling works, excavation and lateral support works, and pile cap construction and building works in relation to the parts of the structure above the ground level and supplying of construction materials; Property development and investment; Property management; F&B supply chain; Health and wellness; New energy and EPC; and Smart logistic and information system. The company's geographical segments include Hong Kong and China, of which China accounts for the majority of its revenue.

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