Safbon Water Service (Holding) Shanghai (SZSE:300262) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Safbon Water Service (Holding) Shanghai 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. Safbon Water Service (Holding) Shanghai's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Safbon Water Service (Holding) Shanghai's long-term debt to total assets ratio declined from Mar. 2023 (0.17) to Mar. 2024 (0.12). It may suggest that Safbon Water Service (Holding) Shanghai is progressively becoming less dependent on debt to grow their business.

Safbon Water Service (Holding) Shanghai LT-Debt-to-Total-Asset Historical Data

The historical data trend for Safbon Water Service (Holding) Shanghai'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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Safbon Water Service (Holding) Shanghai LT-Debt-to-Total-Asset Chart

Safbon Water Service (Holding) Shanghai Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.18

0.08

0.18

0.13

Safbon Water Service (Holding) Shanghai 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															0.17	0.17	0.11	0.13	0.12

Safbon Water Service (Holding) Shanghai LT-Debt-to-Total-Asset Calculation

Safbon Water Service (Holding) Shanghai'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 )
	=	400.791	/	3159.366
	=	0.13

Safbon Water Service (Holding) Shanghai'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 )
	=	385.277	/	3156.602
	=	0.12

Safbon Water Service (Holding) Shanghai (SZSE:300262) 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.

Safbon Water Service (Holding) Shanghai LT-Debt-to-Total-Asset Related Terms

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Safbon Water Service (Holding) Shanghai (SZSE:300262) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Safbon Water Service (Holding) Inc Shanghai (SZSE:300262) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 666, Zhang Liantang Road,, Liantang Town, Qingpu District, Shanghai, CHN, 201715

Website

http://www.safbon.com

Safbon Water Service (Holding) Inc Shanghai is engaged in the business of industrial water treatment, municipal water treatment, solid waste disposal and the four sections of the gas pressure regulating stations.

Executives

Zhang Hua Gen	Director
Gao Xue Li	Independent director
Zhang Chun Lin	Director
Yao Ze Wei	Director
Yin Gao Qiang	Supervisors
Zhang Bin	Supervisors
Zou Guo Xiang	Director
Yang Zheng	Executives
Wang Xian	Directors, executives
Ding Xing Jiang	Director
Chen Lei	Director

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