Shengyuan Environmental Protection Co (SZSE:300867) LT-Debt-to-Total-Asset : 0.33 (As of Sep. 2024)

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What is Shengyuan Environmental Protection 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. Shengyuan Environmental Protection Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.33.

Shengyuan Environmental Protection Co's long-term debt to total assets ratio declined from Sep. 2023 (0.39) to Sep. 2024 (0.33). It may suggest that Shengyuan Environmental Protection Co is progressively becoming less dependent on debt to grow their business.

Shengyuan Environmental Protection Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shengyuan Environmental Protection 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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Shengyuan Environmental Protection Co LT-Debt-to-Total-Asset Chart

Shengyuan Environmental Protection Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.44

0.40

0.39

0.36

Shengyuan Environmental Protection 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															0.39	0.36	0.35	0.33	0.33

Shengyuan Environmental Protection Co LT-Debt-to-Total-Asset Calculation

Shengyuan Environmental Protection 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 )
	=	3028.195	/	8503.642
	=	0.36

Shengyuan Environmental Protection 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 )
	=	2884.583	/	8681.665
	=	0.33

Shengyuan Environmental Protection Co (SZSE:300867) 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.

Shengyuan Environmental Protection Co LT-Debt-to-Total-Asset Related Terms

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Shengyuan Environmental Protection Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Shengyuan Environmental Protection Co Ltd (SZSE:300867) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Huli Avenue, second floor of Dongdu Road No.104, Northern Commercial Building, Huli District, Fujian Province, Xiamen, CHN

Website

https://www.chinasyep.com

Shengyuan Environmental Protection Co Ltd is a comprehensive management enterprise specializing in garbage incineration power generation, sewage treatment, among others. The company owns garbage incineration power plants in operation, construction and preparation, sewage treatment plants, landfill leachate treatment station, kitchen waste disposal project under way, and the system of collection, transportation and terminal treatment of domestic garbage.

Executives

Cai Yan Bin	Supervisors
Zhu Yu Xuan	Director
Chen Wen Yu	Directors, Directors, and Executives

Shengyuan Environmental Protection Co Headlines

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