Xizi Clean Energy Equipment Manufacturing Co (SZSE:002534) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

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What is Xizi Clean Energy Equipment Manufacturing 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. Xizi Clean Energy Equipment Manufacturing Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Xizi Clean Energy Equipment Manufacturing Co's long-term debt to total assets ratio declined from Mar. 2023 (0.13) to Mar. 2024 (0.10). It may suggest that Xizi Clean Energy Equipment Manufacturing Co is progressively becoming less dependent on debt to grow their business.

Xizi Clean Energy Equipment Manufacturing Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xizi Clean Energy Equipment Manufacturing 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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Xizi Clean Energy Equipment Manufacturing Co LT-Debt-to-Total-Asset Chart

Xizi Clean Energy Equipment Manufacturing 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

0.10

0.11

0.10

Xizi Clean Energy Equipment Manufacturing 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															0.13	0.13	0.11	0.10	0.10

Xizi Clean Energy Equipment Manufacturing Co LT-Debt-to-Total-Asset Calculation

Xizi Clean Energy Equipment Manufacturing 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 )
	=	1514.71	/	15952.807
	=	0.09

Xizi Clean Energy Equipment Manufacturing 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 )
	=	1542.707	/	15749.307
	=	0.10

Xizi Clean Energy Equipment Manufacturing Co (SZSE:002534) 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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Xizi Clean Energy Equipment Manufacturing Co (SZSE:002534) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xizi Clean Energy Equipment Manufacturing Co Ltd (SZSE:002534) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1216 Danonggang Road, Hangzhou, CHN, 310021

Website

http://www.chinaboilers.com

Xizi Clean Energy Equipment Manufacturing Co Ltd formerly Hangzhou Boiler Group Co Ltd is engaged in providing boiler, pressure vessel, environmental protection & new energy equipment and other products with R & D, production, sales, consulting, installation and other engineering services. The product offerings of the company include Flue-gas purifier, HP Heater, LP feedwater heater, Deaerator, Condenser and Chain stoker boiler among others.

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