Chin Hsin Environ Engineering Co (TPE:6951) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Chin Hsin Environ Engineering 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. Chin Hsin Environ Engineering Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Chin Hsin Environ Engineering Co's long-term debt to total assets ratio declined from Sep. 2023 (0.02) to Sep. 2024 (0.02). It may suggest that Chin Hsin Environ Engineering Co is progressively becoming less dependent on debt to grow their business.

Chin Hsin Environ Engineering Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chin Hsin Environ Engineering 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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Chin Hsin Environ Engineering Co LT-Debt-to-Total-Asset Chart

Chin Hsin Environ Engineering Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.08

0.07

0.02

Chin Hsin Environ Engineering Co Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.02	0.02	0.03	0.02	0.02

Chin Hsin Environ Engineering Co LT-Debt-to-Total-Asset Calculation

Chin Hsin Environ Engineering 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 )
	=	18.16	/	1098.673
	=	0.02

Chin Hsin Environ Engineering 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 )
	=	23.856	/	1465.599
	=	0.02

Chin Hsin Environ Engineering Co (TPE:6951) 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.

Chin Hsin Environ Engineering Co LT-Debt-to-Total-Asset Related Terms

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Chin Hsin Environ Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Chin Hsin Environ Engineering Co Ltd (TPE:6951) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 58-1, Yanping Road, Jutong Township, Yunlin County, Douliu, TWN, 647008

Website

https://www.chin-hsin.com.tw

Chin Hsin Environ Engineering Co Ltd offers the removal of general, hazardous industrial waste and biomedical waste produced by business institutions and medical institutions in Taiwan. It offers hazardous industrial waste and biomedical waste treatment for business institutions and medical institutions.

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