Tus Environmental Scienceand Technology Development Co (SZSE:000826) LT-Debt-to-Total-Asset : 0.22 (As of Sep. 2024)

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What is Tus Environmental Scienceand Technology Development 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. Tus Environmental Scienceand Technology Development Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.22.

Tus Environmental Scienceand Technology Development Co's long-term debt to total assets ratio increased from Sep. 2023 (0.22) to Sep. 2024 (0.22). It may suggest that Tus Environmental Scienceand Technology Development Co is progressively becoming more dependent on debt to grow their business.

Tus Environmental Scienceand Technology Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tus Environmental Scienceand Technology Development 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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Tus Environmental Scienceand Technology Development Co LT-Debt-to-Total-Asset Chart

Tus Environmental Scienceand Technology Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.18

0.16

0.21

0.22

Tus Environmental Scienceand Technology Development 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															0.22	0.22	0.22	0.21	0.22

Tus Environmental Scienceand Technology Development Co LT-Debt-to-Total-Asset Calculation

Tus Environmental Scienceand Technology Development 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 )
	=	5195.06	/	23805.214
	=	0.22

Tus Environmental Scienceand Technology Development 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 )
	=	4942.358	/	22566.876
	=	0.22

Tus Environmental Scienceand Technology Development Co (SZSE:000826) 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.

Tus Environmental Scienceand Technology Development Co LT-Debt-to-Total-Asset Related Terms

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Tus Environmental Scienceand Technology Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Tus Environmental Scienceand Technology Development Co Ltd (SZSE:000826) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tsinghua Science and Technology Park, 12th Floor, Block B, Innovation Building, Haidian District, Beijing, CHN, 101102

Website

http://www.tus-est.com

Tus Environmental Scienceand Technology Development Co Ltd is a full-tech, full-industry chain environment enterprise. Its main business involves industrial distribution including Zero-carbon energy platform, Solid waste and renewable resources platform, Water ecological platform, and Urban environmental service platform.

Executives

Liu Hua Rong	Supervisors
Wei Bin	Executives
Ma Lei Si	Secretary, Director
Zhao Da	Executives
Li Tian Zeng	Executives
Hu Ying	Supervisors
Wang Zhi Wei	Directors, executives
Hu Xin Ling	Directors, executives
Liu Xiao Lin	Executives
Zhang Wei Ya	Securities Affairs Representative
Hu Ze Lin	Directors, executives

Tus Environmental Scienceand Technology Development Co Headlines

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