CRGGF (China Resources Gas Group) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2023)

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What is China Resources Gas Group 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 Resources Gas Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.13.

China Resources Gas Group's long-term debt to total assets ratio increased from Dec. 2022 (0.09) to Dec. 2023 (0.13). It may suggest that China Resources Gas Group is progressively becoming more dependent on debt to grow their business.

China Resources Gas Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Resources Gas Group'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 Resources Gas Group LT-Debt-to-Total-Asset Chart

China Resources Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.06

0.01

0.09

0.13

China Resources Gas Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.09	0.16	0.13	-

China Resources Gas Group LT-Debt-to-Total-Asset Calculation

China Resources Gas Group'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 )
	=	2325.175	/	17653.6
	=	0.13

China Resources Gas Group'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 )
	=	2325.175	/	17653.6
	=	0.13

China Resources Gas Group (OTCPK:CRGGF) 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 Resources Gas Group LT-Debt-to-Total-Asset Related Terms

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China Resources Gas Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Resources Gas Group Ltd (OTCPK:CRGGF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

01193:Hong Kong LGX1:Germany

Address

26 Harbour Road, Room 1901-02, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crcgas.com

China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2022, CRG's portfolio comprised 273 city gas projects in China. The firm achieved annual gas sales volume of 35.9 billion cubic meters and has connected 53.9 million residential customers, or a penetration rate of 58.2%.

China Resources Gas Group Headlines

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