Wuxi Xuelang Environmental Technology Co (SZSE:300385) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Wuxi Xuelang Environmental Technology 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. Wuxi Xuelang Environmental Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Wuxi Xuelang Environmental Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.18) to Mar. 2024 (0.15). It may suggest that Wuxi Xuelang Environmental Technology Co is progressively becoming less dependent on debt to grow their business.

Wuxi Xuelang Environmental Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wuxi Xuelang Environmental Technology 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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Wuxi Xuelang Environmental Technology Co LT-Debt-to-Total-Asset Chart

Wuxi Xuelang Environmental Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.07

0.08

0.17

0.16

Wuxi Xuelang Environmental Technology 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															0.18	0.18	0.20	0.16	0.15

Wuxi Xuelang Environmental Technology Co LT-Debt-to-Total-Asset Calculation

Wuxi Xuelang Environmental Technology 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 )
	=	527.568	/	3269.109
	=	0.16

Wuxi Xuelang Environmental Technology 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 )
	=	485.38	/	3146.756
	=	0.15

Wuxi Xuelang Environmental Technology Co (SZSE:300385) 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.

Wuxi Xuelang Environmental Technology Co LT-Debt-to-Total-Asset Related Terms

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Wuxi Xuelang Environmental Technology Co (SZSE:300385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Wuxi Xuelang Environmental Technology Co Ltd (SZSE:300385) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2020, Wuhu Avenue, Binhu District, Wuxi, CHN, 214128

Website

http://www.cecm.com.cn

Wuxi Xuelang Environmental Technology Co Ltd is an engineering system equipment integrator and environmental management overall solution provider. Its main business includes Flue gas purification and ash disposal business, and Hazardous waste incineration disposal business. It is engaged mainly in the collection of garbage incineration, dust ash, flue gas purification, ash handling, rolling, industrial chains, appliance instrumentation technology development for the integrated enterprise.

Executives

Yang Jian Ping	Director
Yang Jian Lin	Executives
Zhu Xiang Jun	Independent director
Wang Li	Executives

Wuxi Xuelang Environmental Technology Co (SZSE:300385) Headlines

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