Cleanaway Co (TPE:8422) LT-Debt-to-Total-Asset : 0.37 (As of Mar. 2024)

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What is Cleanaway 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. Cleanaway Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.37.

Cleanaway Co's long-term debt to total assets ratio increased from Mar. 2023 (0.31) to Mar. 2024 (0.37). It may suggest that Cleanaway Co is progressively becoming more dependent on debt to grow their business.

Cleanaway Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cleanaway 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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Cleanaway Co LT-Debt-to-Total-Asset Chart

Cleanaway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.07

0.06

0.33

0.36

Cleanaway 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															0.31	0.32	0.32	0.36	0.37

Cleanaway Co LT-Debt-to-Total-Asset Calculation

Cleanaway 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 )
	=	5539.662	/	15305.58
	=	0.36

Cleanaway 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 )
	=	6195.502	/	16858.192
	=	0.37

Cleanaway Co (TPE:8422) 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.

Cleanaway Co LT-Debt-to-Total-Asset Related Terms

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Cleanaway Co (TPE:8422) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cleanaway Co Ltd (TPE:8422) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 308, Zhongshan South Road, 1st Floor, Houhong Village, Gangshan District, Kaohsiung, TWN, 820

Website

https://www.cleanaway.tw

Cleanaway Co Ltd offers one-stop-shop services for treating forms of waste. It treats various industrial and hazardous waste materials and owns private landfills for final disposal in Taiwan. The company provides systems for daily activities and solutions for cleaning up contaminated sites. Cleaning an entire location can require on-site sampling and experimental studies to return the location to its natural form. Cleanway provides technologies, contracts, clearance, and transportation to the designated landfill, and it enforces strict compliance with all regulations. Part of the process focuses on quality control and random testing to prevent non-treated or unapproved wastes from entering the company's landfills.

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