Hunan Junxin Environmental Protection Co (SZSE:301109) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Hunan Junxin 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. Hunan Junxin Environmental Protection Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.22.

Hunan Junxin Environmental Protection Co's long-term debt to total assets ratio declined from Mar. 2023 (0.26) to Mar. 2024 (0.22). It may suggest that Hunan Junxin Environmental Protection Co is progressively becoming less dependent on debt to grow their business.

Hunan Junxin Environmental Protection Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hunan Junxin 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.

* Premium members only.

Hunan Junxin Environmental Protection Co LT-Debt-to-Total-Asset Chart

Hunan Junxin Environmental Protection Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.35

0.42

0.38

0.26

0.22

Hunan Junxin Environmental Protection Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	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															0.26	0.25	0.24	0.22	0.22

Hunan Junxin Environmental Protection Co LT-Debt-to-Total-Asset Calculation

Hunan Junxin 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 )
	=	2164.553	/	9654.441
	=	0.22

Hunan Junxin Environmental Protection 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 )
	=	2185.813	/	9809.423
	=	0.22

Hunan Junxin Environmental Protection Co (SZSE:301109) 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.

Hunan Junxin Environmental Protection Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Hunan Junxin Environmental Protection Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Hunan Junxin Environmental Protection Co (SZSE:301109) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Hunan Junxin Environmental Protection Co Ltd (SZSE:301109) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office Building, Hunan Junxin Environmental Protection, Qiaoyi Town, Wangcheng District, Hunan Province, Changsha, CHN, 410200

Website

https://www.junxinep.com

Hunan Juxin Enviromental Protection Co Ltd is a professional environmental protection enterprise engaged in the treatment of domestic waste, landfill leachate, municipal sludge, fly ash and other urban solid waste, integrating investment and construction, technology research and development, and operation and management.

Executives

He Ying Pin	Director
Dai Dao Guo	Director

Hunan Junxin Environmental Protection Co (SZSE:301109) Headlines

No Headlines