China Evergrande New Energy Vehicle Group (HKSE:00708) LT-Debt-to-Total-Asset : 0.36 (As of Dec. 2023)

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What is China Evergrande New Energy Vehicle Group 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. China Evergrande New Energy Vehicle Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.36.

China Evergrande New Energy Vehicle Group's long-term debt to total assets ratio increased from Dec. 2022 (0.11) to Dec. 2023 (0.36). It may suggest that China Evergrande New Energy Vehicle Group is progressively becoming more dependent on debt to grow their business.

China Evergrande New Energy Vehicle Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Evergrande New Energy Vehicle Group'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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China Evergrande New Energy Vehicle Group LT-Debt-to-Total-Asset Chart

China Evergrande New Energy Vehicle Group Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.51

0.38

0.08

0.11

0.36

China Evergrande New Energy Vehicle Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.10	0.11	0.30	0.36

China Evergrande New Energy Vehicle Group LT-Debt-to-Total-Asset Calculation

China Evergrande New Energy Vehicle Group'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 )
	=	13697.231	/	38119.034
	=	0.36

China Evergrande New Energy Vehicle Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	13697.231	/	38119.034
	=	0.36

China Evergrande New Energy Vehicle Group (HKSE:00708) 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.

China Evergrande New Energy Vehicle Group LT-Debt-to-Total-Asset Related Terms

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China Evergrande New Energy Vehicle Group (HKSE:00708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » China Evergrande New Energy Vehicle Group Ltd (HKSE:00708) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

EVGRF:USA 4NM1:Germany

Address

No. 78 Huangpu Avenue West, 28th Floor, Evergrande International Center, Guangdong Province, Guangzhou, CHN, 510620

Website

https://www.health.evergrande.com

China Evergrande New Energy Vehicle Group Ltd is engaged in the technology research and development, production, and sales of new energy vehicles. It is also involved in community health management, international hospitals, and the elderly care and rehabilitation business. The company's operating segments include Health Management and New Energy Vehicle. It generates most of its revenues from Health Management segment.

Executives

China Evergrande Group	2201 Interest of corporation controlled by you
Hui Ka Yan	2201 Interest of corporation controlled by you
Xin Xin (bvi) Limited	2201 Interest of corporation controlled by you
Muse Limited	2201 Interest of corporation controlled by you
Nwtn Inc.	2101 Beneficial owner
Wu Nan	2201 Interest of corporation controlled by you
Ding Yu Mei	2201 Interest of corporation controlled by you

China Evergrande New Energy Vehicle Group (HKSE:00708) Headlines

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