Longyan Zhuoyue New Energy Co (SHSE:688196) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2024)

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What is Longyan Zhuoyue New Energy 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. Longyan Zhuoyue New Energy Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.13.

Longyan Zhuoyue New Energy Co's long-term debt to total assets ratio increased from Sep. 2023 (0.10) to Sep. 2024 (0.13). It may suggest that Longyan Zhuoyue New Energy Co is progressively becoming more dependent on debt to grow their business.

Longyan Zhuoyue New Energy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Longyan Zhuoyue New Energy 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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Longyan Zhuoyue New Energy Co LT-Debt-to-Total-Asset Chart

Longyan Zhuoyue New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.09

Longyan Zhuoyue New Energy Co 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															0.10	0.09	0.11	0.09	0.13

Longyan Zhuoyue New Energy Co LT-Debt-to-Total-Asset Calculation

Longyan Zhuoyue New Energy 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 )
	=	284.442	/	3066.356
	=	0.09

Longyan Zhuoyue New Energy Co'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 )
	=	449.078	/	3485.474
	=	0.13

Longyan Zhuoyue New Energy Co (SHSE:688196) 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.

Longyan Zhuoyue New Energy Co LT-Debt-to-Total-Asset Related Terms

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Longyan Zhuoyue New Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Longyan Zhuoyue New Energy Co Ltd (SHSE:688196) » Definitions » LT-Debt-to-Total-Asset

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Address

Pinglin Industrial Development Zone, Tieshan, Xinluo, Fujian, Longyan, CHN, 364000

Website

http://www.zyxny.com

Longyan Zhuoyue New Energy Co Ltd is a renewable company focusing on the manufacturing of biomass products, including biodiesel of UCOME, BGME, and PME, derivative industrial glycerin, biomass plasticizers, waterborne alkyd resin, and etc.

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