Xiongan New Power Technology Co (SZSE:300152) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Xiongan New Power Technology 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. Xiongan New Power Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Xiongan New Power Technology Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.06). It may suggest that Xiongan New Power Technology Co is progressively becoming more dependent on debt to grow their business.

Xiongan New Power Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xiongan New Power Technology 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.

* Premium members only.

Xiongan New Power Technology Co LT-Debt-to-Total-Asset Chart

Xiongan New Power Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.09

0.04

0.03

0.02

0.08

Xiongan New Power Technology 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															0.02	0.09	0.08	0.08	0.06

Xiongan New Power Technology Co LT-Debt-to-Total-Asset Calculation

Xiongan New Power Technology 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 )
	=	62.532	/	797.117
	=	0.08

Xiongan New Power Technology 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 )
	=	57	/	927.366
	=	0.06

Xiongan New Power Technology Co (SZSE:300152) 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.

Xiongan New Power Technology Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Xiongan New Power Technology Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Xiongan New Power Technology Co (SZSE:300152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xiongan New Power Technology Co Ltd (SZSE:300152) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Xiongan Citizen Service Center Enterprise Office Area West Area, Pilot Free Trade Zone Xiongan Area, Baoding, CHN, 071000

Website

http://www.kre.cn

Xiongan New Power Technology Co Ltd operates as an environmental management platform company. It is engaged in providing thermal and power generation, petroleum, chemical, metallurgy, building materials, industrial combustion, and industrial heating users.

Executives

Zong Ran	Secretary Dong
Hu Jian Jiang	Executives
Cheng Fang Fang	Executives
Mao Jun Liang	Director
Ge Bing	Executives
Guo Jie Jian	Director
Ge Lan	Directors, executives
Li Qing Yi	Director
Wang Yu Gang	Supervisors
Chen Gang	Director
Li Peng Yun	Supervisors
Jia Hong Sheng	Director

Xiongan New Power Technology Co (SZSE:300152) Headlines

No Headlines