Wise Living Technology Co (HKSE:02481) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2024)

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What is Wise Living Technology 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. Wise Living Technology Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.09.

Wise Living Technology Co's long-term debt to total assets ratio declined from Jun. 2023 (0.13) to Jun. 2024 (0.09). It may suggest that Wise Living Technology Co is progressively becoming less dependent on debt to grow their business.

Wise Living Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wise Living Technology 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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Wise Living Technology Co LT-Debt-to-Total-Asset Chart

Wise Living Technology Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.08

0.12

0.13

0.11

0.07

Wise Living Technology Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.13	0.13	0.11	0.09	0.07

Wise Living Technology Co LT-Debt-to-Total-Asset Calculation

Wise Living Technology 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 )
	=	662.7	/	6340.59
	=	0.10

Wise Living Technology 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 )
	=	544.525	/	5990.157
	=	0.09

Wise Living Technology Co (HKSE:02481) 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.

Wise Living Technology Co LT-Debt-to-Total-Asset Related Terms

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Wise Living Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Wise Living Technology Co Ltd (HKSE:02481) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15 Shuangliang Road, Ligang Street, Room 202, 2nd Floor, Jiangsu Province, Jiangyin, CHN

Website

http://www.hjkj.cn

Wise Living Technology Co Ltd is a cross-provincial heat service provider mainly operating in the Three North Region. It is principally engaged in the provision of heat services to residential and non-residential heat service customers under concession rights. In addition to its provision of heat services, which is considered as a public utility business, the company also provides heat-related; engineering construction services; and EMC services.

Executives

Jiang Su Shuang Liang Ke Ji You Xian Gong Si	2501 Other
Lu Hongxia	2202 Interest of your spouse
Jiang Su Li Chuang Xin Neng Yuan You Xian Gong Si	2501 Other
Zhu Meifeng	2202 Interest of your spouse
Zhu Duomei	2202 Interest of your spouse
Miao Zhiqiang	2501 Other
Miao Wenbin	2501 Other
Miao Shuya	2501 Other
Miao Shuangda	2501 Other
Miao Minhua	2202 Interest of your spouse
Miao Heida	2501 Other
Ma Peilin	2501 Other
Ma Fulin	2501 Other
Li Dongju	2202 Interest of your spouse
Jiang Rongfang	2501 Other

Wise Living Technology Co Headlines

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