Harden Technologies (Harden Technologies) LT-Debt-to-Total-Asset : 0.06 (As of Jun. 2023)

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What is Harden Technologies 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. Harden Technologies's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.06.

Harden Technologies's long-term debt to total assets ratio increased from Jun. 2022 (0.06) to Jun. 2023 (0.06). It may suggest that Harden Technologies is progressively becoming more dependent on debt to grow their business.

Harden Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Harden Technologies'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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Harden Technologies LT-Debt-to-Total-Asset Chart

Harden Technologies Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.02

0.06

Harden Technologies Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.02	0.06	0.06	0.06

Harden Technologies LT-Debt-to-Total-Asset Calculation

Harden Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	1.411	/	24.502
	=	0.06

Harden Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	1.409	/	24.756
	=	0.06

Harden Technologies (BATS:HAHA) 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.

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Harden Technologies (Harden Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harden Technologies Inc (BATS:HAHA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Jingye Road, Building 8, Torch Development Zone, Zhongshan, CHN, 528400

Website

https://www.siruide.com

Harden Technologies Inc is a waste management equipment and recycling equipment manufacturer in China, specializing in the manufacture of customized industrial shredders and material sorting machines and production lines.

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