Shaanxi Energy Investment Co (SZSE:001286) LT-Debt-to-Total-Asset : 0.31 (As of Mar. 2024)

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What is Shaanxi Energy Investment 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. Shaanxi Energy Investment Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.31.

Shaanxi Energy Investment Co's long-term debt to total assets ratio declined from Mar. 2023 (0.38) to Mar. 2024 (0.31). It may suggest that Shaanxi Energy Investment Co is progressively becoming less dependent on debt to grow their business.

Shaanxi Energy Investment Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shaanxi Energy Investment 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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Shaanxi Energy Investment Co LT-Debt-to-Total-Asset Chart

Shaanxi Energy Investment Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.36

0.37

0.38

0.32

Shaanxi Energy Investment 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									0.38	0.35	0.34	0.32	0.31

Shaanxi Energy Investment Co LT-Debt-to-Total-Asset Calculation

Shaanxi Energy Investment 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 )
	=	20330.541	/	63040.372
	=	0.32

Shaanxi Energy Investment 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 )
	=	19813.777	/	64957.322
	=	0.31

Shaanxi Energy Investment Co (SZSE:001286) 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.

Shaanxi Energy Investment Co LT-Debt-to-Total-Asset Related Terms

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Shaanxi Energy Investment Co (SZSE:001286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shaanxi Energy Investment Co Ltd (SZSE:001286) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 152, Shahe Road, Shenggao Times Office Building, High-tech Industrial Park, Shaanxi Province, Yulin, CHN, 719054

Website

http://www.sxeicl.com

Shaanxi Energy Investment Co Ltd is engaged in the rhermal power generation, coal production and sales.

Shaanxi Energy Investment Co (SZSE:001286) Headlines

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