Shouhang High-Tech Energy Co (SZSE:002665) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Shouhang High-Tech Energy 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. Shouhang High-Tech Energy Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Shouhang High-Tech Energy Co's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.01). It may suggest that Shouhang High-Tech Energy Co is progressively becoming less dependent on debt to grow their business.

Shouhang High-Tech Energy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shouhang High-Tech Energy 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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Shouhang High-Tech Energy Co LT-Debt-to-Total-Asset Chart

Shouhang High-Tech Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.01

Shouhang High-Tech Energy 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															0.02	0.02	0.02	0.01	0.01

Shouhang High-Tech Energy Co LT-Debt-to-Total-Asset Calculation

Shouhang High-Tech Energy 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 )
	=	102.548	/	8008.61
	=	0.01

Shouhang High-Tech Energy 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 )
	=	111.06	/	7975.862
	=	0.01

Shouhang High-Tech Energy Co (SZSE:002665) 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.

Shouhang High-Tech Energy Co LT-Debt-to-Total-Asset Related Terms

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Shouhang High-Tech Energy Co (SZSE:002665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shouhang High-Tech Energy Co Ltd (SZSE:002665) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

188 South, 4th Ring West Road, Building 20, Block 3, Daxing, CHN, 102602

Website

http://www.sh-ihw.com

Shouhang High-Tech Energy Co Ltd is a China-based company engaged in developing, designing, manufacturing and selling air-cooling systems. Its activities involve the development of CSP power generating, power plant air cooling system, waste heat power generating, desalination system, industrial wastewater zero emission system, EPC and project investment.

Executives

Huang Qing Le	Directors, executives
Huang Wen Jia	Director
Liu Qiang	Supervisors
Wang Jian	Executives
Wu Jing He	Supervisors

Shouhang High-Tech Energy Co (SZSE:002665) Headlines

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