China Coal Energy Co (China Coal Energy Co) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is China Coal 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. China Coal Energy Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

China Coal Energy Co's long-term debt to total assets ratio declined from Mar. 2023 (0.16) to Mar. 2024 (0.15). It may suggest that China Coal Energy Co is progressively becoming less dependent on debt to grow their business.

China Coal Energy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Coal 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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China Coal Energy Co LT-Debt-to-Total-Asset Chart

China Coal Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.26

0.23

0.16

0.15

China Coal 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															0.16	0.16	0.16	0.15	0.15

China Coal Energy Co LT-Debt-to-Total-Asset Calculation

China Coal 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 )
	=	7153.632	/	48928.59
	=	0.15

China Coal 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 )
	=	7465.384	/	48850.085
	=	0.15

China Coal Energy Co (OTCPK:CCOZY) 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.

China Coal Energy Co LT-Debt-to-Total-Asset Related Terms

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China Coal Energy Co (China Coal Energy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » China Coal Energy Co Ltd (OTCPK:CCOZY) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

CCOZF:USA 01898:Hong Kong CVV:Germany 601898:China

Address

No. 1 Huangsidajie, Chaoyang District, Beijing, CHN, 100120

Website

https://www.chinacoalenergy.com

China Coal Energy Co Ltd is a joint-stock company. The company is a large-scale energy enterprise integrating coal production and trade, coal chemical industry, power generation, and coal mining equipment manufacturing. Its segment includes Coal; Coalchemical products; Mining machinery; Finance and Others. The company generates maximum revenue from the Coal segment.

China Coal Energy Co (China Coal Energy Co) Headlines

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