Zhejiang Feida Environmental Science & Technology Co (SHSE:600526) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Zhejiang Feida Environmental Science & 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. Zhejiang Feida Environmental Science & Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Zhejiang Feida Environmental Science & Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.13). It may suggest that Zhejiang Feida Environmental Science & Technology Co is progressively becoming less dependent on debt to grow their business.

Zhejiang Feida Environmental Science & Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhejiang Feida Environmental Science & 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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Zhejiang Feida Environmental Science & Technology Co LT-Debt-to-Total-Asset Chart

Zhejiang Feida Environmental Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.08

0.13

0.12

Zhejiang Feida Environmental Science & Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.13	0.14	0.12	0.13

Zhejiang Feida Environmental Science & Technology Co LT-Debt-to-Total-Asset Calculation

Zhejiang Feida Environmental Science & 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 )
	=	1290.048	/	10540.116
	=	0.12

Zhejiang Feida Environmental Science & Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1308.86	/	10232.858
	=	0.13

Zhejiang Feida Environmental Science & Technology Co (SHSE:600526) 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.

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Zhejiang Feida Environmental Science & Technology Co (SHSE:600526) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Feida Environmental Science & Technology Co Ltd (SHSE:600526) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 88 Wangyun Road, Zhuji City, Zhejiang, CHN, 311800

Website

http://www.feida.biz

Zhejiang Feida Environmental Science & Technology Co Ltd is engaged in the business of designing and manufacturing equipment for air quality control. Its business includes Flue gas treatment; Water treatment; Solid Waste treatment; Soil ecological restoration; Cyclic economy industrial park; and Equipment manufacture.

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