Jiangsu United Water Technology Co (SHSE:603291) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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

Jiangsu United Water Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.17) to Mar. 2024 (0.15). It may suggest that Jiangsu United Water Technology Co is progressively becoming less dependent on debt to grow their business.

Jiangsu United Water Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu United Water 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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Jiangsu United Water Technology Co LT-Debt-to-Total-Asset Chart

Jiangsu United Water Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.18

0.17

0.15

Jiangsu United Water Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	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	0.16	0.15	0.15

Jiangsu United Water Technology Co LT-Debt-to-Total-Asset Calculation

Jiangsu United Water 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 )
	=	542.618	/	3635.143
	=	0.15

Jiangsu United Water 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 )
	=	558.011	/	3659.924
	=	0.15

Jiangsu United Water Technology Co (SHSE:603291) 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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Jiangsu United Water Technology Co (SHSE:603291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Jiangsu United Water Technology Co Ltd (SHSE:603291) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 128, Xingfu North Road, Jiangsu Province, Suqian, CHN, 223800

Website

http://www.united-water.com

Jiangsu United Water Technology Co Ltd owns and operates water supply and waste water treatment facilities and also provides engineering services related to water supply infrastructure and industrial waste water pretreatment facilities.

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