Feishang Anthracite Resources (Feishang Anthracite Resources) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Feishang Anthracite Resources 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. Feishang Anthracite Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Feishang Anthracite Resources's long-term debt to total assets ratio declined from Dec. 2022 (0.08) to Dec. 2023 (0.03). It may suggest that Feishang Anthracite Resources is progressively becoming less dependent on debt to grow their business.

Feishang Anthracite Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Feishang Anthracite Resources'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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Feishang Anthracite Resources LT-Debt-to-Total-Asset Chart

Feishang Anthracite Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.35

0.50

0.11

0.08

0.03

Feishang Anthracite Resources 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															0.11	0.10	0.08	0.07	0.03

Feishang Anthracite Resources LT-Debt-to-Total-Asset Calculation

Feishang Anthracite Resources'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 )
	=	14.367	/	434.985
	=	0.03

Feishang Anthracite Resources'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 )
	=	14.367	/	434.985
	=	0.03

Feishang Anthracite Resources (OTCPK:FSHRF) 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.

Feishang Anthracite Resources LT-Debt-to-Total-Asset Related Terms

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Feishang Anthracite Resources (Feishang Anthracite Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Feishang Anthracite Resources Ltd (OTCPK:FSHRF) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

01738:Hong Kong

Address

200 Connaught Road Central, Room 2205, 22 Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.fsanthracite.com

Feishang Anthracite Resources Ltd is principally engaged in the acquisition, development, and construction of anthracite coal mines and the extraction and sale of anthracite coal in the People's Republic of China. It conducts its principal operation and derives revenues solely from Mainland China.

Feishang Anthracite Resources (Feishang Anthracite Resources) Headlines

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