Huaibei GreenGold Industry Investment Co (HKSE:02450) LT-Debt-to-Total-Asset : 0.13 (As of Jun. 2023)

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What is Huaibei GreenGold Industry Investment 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. Huaibei GreenGold Industry Investment Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.13.

Huaibei GreenGold Industry Investment Co's long-term debt to total assets ratio declined from Dec. 2021 (0.39) to Jun. 2023 (0.13). It may suggest that Huaibei GreenGold Industry Investment Co is progressively becoming less dependent on debt to grow their business.

Huaibei GreenGold Industry Investment Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Huaibei GreenGold Industry Investment 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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Huaibei GreenGold Industry Investment Co LT-Debt-to-Total-Asset Chart

Huaibei GreenGold Industry Investment Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.39

0.38

0.11

Huaibei GreenGold Industry Investment Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				-	0.40	0.38	0.13	0.11

Huaibei GreenGold Industry Investment Co LT-Debt-to-Total-Asset Calculation

Huaibei GreenGold Industry Investment Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	964.584	/	2560.238
	=	0.38

Huaibei GreenGold Industry Investment Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	315.556	/	2390.056
	=

Huaibei GreenGold Industry Investment Co (HKSE:02450) 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.

Huaibei GreenGold Industry Investment Co LT-Debt-to-Total-Asset Related Terms

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Huaibei GreenGold Industry Investment Co (HKSE:02450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Huaibei GreenGold Industry Investment Co Ltd (HKSE:02450) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Taobo Road, 4th Floor, Shuangchuang Service Centre, Song Tuan Town, Lieshan District, Anhui Province, Huaibei, CHN

Website

http://www.ljgfjt.com

Huaibei GreenGold Industry Investment Co Ltd is a China-based company chiefly engaged in the production and sales of construction material products. The company's main products include aggregate products and concrete products. The aggregate products mainly include general materials, stone powder, 0.5-1 construction aggregate, 1-2 construction aggregate, and 1-3 construction aggregate. The concrete products mainly include ready-mixed concrete, cement-stabilized macadam, and asphalt concrete.

Executives

Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Chu David	2101 Beneficial owner

Huaibei GreenGold Industry Investment Co (HKSE:02450) Headlines

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