Shanxi Meineng Clean Energy Co (SZSE:001299) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Shanxi Meineng Clean 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. Shanxi Meineng Clean Energy Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Shanxi Meineng Clean Energy Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.00). It may suggest that Shanxi Meineng Clean Energy Co is progressively becoming more dependent on debt to grow their business.

Shanxi Meineng Clean Energy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanxi Meineng Clean 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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Shanxi Meineng Clean Energy Co LT-Debt-to-Total-Asset Chart

Shanxi Meineng Clean Energy Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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Shanxi Meineng Clean Energy Co Quarterly Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													-	-	-	-	-

Shanxi Meineng Clean Energy Co LT-Debt-to-Total-Asset Calculation

Shanxi Meineng Clean 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 )
	=	0.405	/	1753.659
	=	0.00

Shanxi Meineng Clean 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 )
	=	2.631	/	1700.29
	=	0.00

Shanxi Meineng Clean Energy Co (SZSE:001299) 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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Shanxi Meineng Clean Energy Co (SZSE:001299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shanxi Meineng Clean Energy Co Ltd (SZSE:001299) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 48 Keji Road, Room B1605, Pioneer Plaza, High-tech Zone, Shaanxi Province, Xi'an City, CHN, 710016

Website

http://www.meinenggas.com

Shanxi Meineng Clean Energy Co Ltd is an innovative and energetic professional gas operation enterprise. It is mainly engaged in investment in urban gas, compressed natural gas filling stations, LNG production plants and filling stations, coal-to-natural gas production plants, and gas pipelines; consulting in the gas industry, training and management.

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