Canvest Environmental Protection Group Co (HKSE:01381) LT-Debt-to-Total-Asset : 0.43 (As of Dec. 2023)

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What is Canvest Environmental Protection Group 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. Canvest Environmental Protection Group Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.43.

Canvest Environmental Protection Group Co's long-term debt to total assets ratio declined from Dec. 2022 (0.46) to Dec. 2023 (0.43). It may suggest that Canvest Environmental Protection Group Co is progressively becoming less dependent on debt to grow their business.

Canvest Environmental Protection Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Canvest Environmental Protection Group 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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Canvest Environmental Protection Group Co LT-Debt-to-Total-Asset Chart

Canvest Environmental Protection Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.34

0.44

0.46

0.43

Canvest Environmental Protection Group Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	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															0.46	0.46	0.46	0.46	0.43

Canvest Environmental Protection Group Co LT-Debt-to-Total-Asset Calculation

Canvest Environmental Protection Group 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 )
	=	11496.916	/	27075.156
	=	0.42

Canvest Environmental Protection Group Co'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 )
	=	11496.916	/	27075.156
	=	0.42

Canvest Environmental Protection Group Co (HKSE:01381) 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.

Canvest Environmental Protection Group Co LT-Debt-to-Total-Asset Related Terms

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Canvest Environmental Protection Group Co (HKSE:01381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Canvest Environmental Protection Group Co Ltd (HKSE:01381) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

0XC:Germany

Address

2 San Yuan Road, Level 24, Canvest Tower, Nan Cheng District, Guangdong, Dongguan, CHN

Website

http://www.canvestenvironment.com

Canvest Environmental Protection Group Co Ltd develops and operates waste-to-energy plants. Incineration systems and technologies help treat waste and process components into energy. The company sells energy to clients, and continues to monitor applications and work toward reducing emissions of carbon dioxide. Revenues can be broken down into four business areas: Power sales, Waste treatment fees, Construction, and Finance income. It treats various types of waste, including sludge, ash from incineration systems, industrial sold waste, and wastewater. The majority of the company's revenue and assets are generated and located in China.

Executives

Best Approach Developments Limited	2106 Person having a security interest in shares
Century Rise Development Limited	2106 Person having a security interest in shares
Harvest Vista Company Limited	2106 Person having a security interest in shares
Hsbc International Trustee Limited	2106 Person having a security interest in shares
Shanghai Industrial Holdings Limited	2101 Beneficial owner
Shanghai Industrial Investment (holdings) Company Limited	2201 Interest of corporation controlled by you
Lai Kin Man	2106 Person having a security interest in shares
Lai Chun Tung	2106 Person having a security interest in shares
Lee Wing Yee Loretta	2106 Person having a security interest in shares

Canvest Environmental Protection Group Co (HKSE:01381) Headlines

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