Bohai Water Industry Co (SZSE:000605) LT-Debt-to-Total-Asset : 0.15 (As of Sep. 2023)

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What is Bohai Water Industry 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. Bohai Water Industry Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.15.

Bohai Water Industry Co's long-term debt to total assets ratio increased from Sep. 2022 (0.10) to Sep. 2023 (0.15). It may suggest that Bohai Water Industry Co is progressively becoming more dependent on debt to grow their business.

Bohai Water Industry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bohai Water Industry 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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Bohai Water Industry Co LT-Debt-to-Total-Asset Chart

Bohai Water Industry Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.11

0.12

0.07

0.09

Bohai Water Industry Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.09	0.14	0.15	0.15

Bohai Water Industry Co LT-Debt-to-Total-Asset Calculation

Bohai Water Industry 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 )
	=	763.124	/	8077.795
	=	0.09

Bohai Water Industry Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	1142.618	/	7847.34
	=	0.15

Bohai Water Industry Co (SZSE:000605) 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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Bohai Water Industry Co (SZSE:000605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Bohai Water Industry Co Ltd (SZSE:000605) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yuanyuan East Road, Building 31, Zhujiang Lawei Town, Tongzhou District, Beijing, CHN

Website

http://www.bohai-water.com

Bohai Water Industry Co Ltd engages in engineering design, general construction contracting and subcontracting. The company also engages in urban public infrastructure planning, environmental projects, and water supply and recycling. It also holds an interest in sewage treatment and reuse of water; investment consulting; investment management; technical development; technical consulting; technical services.

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