Nanjing Wondux Environmental Protection Technology (SHSE:688178) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2024)

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What is Nanjing Wondux Environmental Protection Technology 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. Nanjing Wondux Environmental Protection Technology's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.13.

Nanjing Wondux Environmental Protection Technology's long-term debt to total assets ratio increased from Sep. 2023 (0.05) to Sep. 2024 (0.13). It may suggest that Nanjing Wondux Environmental Protection Technology is progressively becoming more dependent on debt to grow their business.

Nanjing Wondux Environmental Protection Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nanjing Wondux Environmental Protection Technology'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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Nanjing Wondux Environmental Protection Technology LT-Debt-to-Total-Asset Chart

Nanjing Wondux Environmental Protection Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.01

0.02

0.06

Nanjing Wondux Environmental Protection Technology Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.06	0.09	0.10	0.13

Nanjing Wondux Environmental Protection Technology LT-Debt-to-Total-Asset Calculation

Nanjing Wondux Environmental Protection Technology'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 )
	=	139.007	/	2188.31
	=	0.06

Nanjing Wondux Environmental Protection Technology's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	278.141	/	2144.355
	=	0.13

Nanjing Wondux Environmental Protection Technology (SHSE:688178) 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.

Nanjing Wondux Environmental Protection Technology LT-Debt-to-Total-Asset Related Terms

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Nanjing Wondux Environmental Protection Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Nanjing Wondux Environmental Protection Technology Corp Ltd (SHSE:688178) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 57 Gande Road, Jiangning District, Jiangsu Province, Nanjing, CHN, 211100

Website

http://www.njwds.com

Nanjing Wondux Environmental Protection Technology Corp Ltd is engaged in waste pollution reduction and repair business and provides high-level wastewater treatment. The company's projects include foreign engineering projects; waste treatment projects; leachate (filtration) liquid treatment engineering; air pollution prevention engineering; soil restoration; and ecological restoration.

Executives

Zhang Xiao Sai	senior management
Yuan Dao Ying	Directors, senior managers
Han Hui Suo	Director
Lin Shi Hua	senior management
Chen Can	Directors, senior managers
Dai Xin	senior management
Zhang Kai Sheng	senior management
Xu Bin	senior management

Nanjing Wondux Environmental Protection Technology Headlines

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