China Shuifa Singyes Energy Holdings (China Shuifa Singyes Energy Holdings) LT-Debt-to-Total-Asset : 0.28 (As of Jun. 2023)

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What is China Shuifa Singyes Energy Holdings 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 Shuifa Singyes Energy Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.28.

China Shuifa Singyes Energy Holdings's long-term debt to total assets ratio increased from Jun. 2022 (0.24) to Jun. 2023 (0.28). It may suggest that China Shuifa Singyes Energy Holdings is progressively becoming more dependent on debt to grow their business.

China Shuifa Singyes Energy Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Shuifa Singyes Energy Holdings'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 Shuifa Singyes Energy Holdings LT-Debt-to-Total-Asset Chart

China Shuifa Singyes Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.37

0.25

0.22

0.29

0.24

China Shuifa Singyes Energy Holdings 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															0.22	0.24	0.29	0.28	0.24

China Shuifa Singyes Energy Holdings LT-Debt-to-Total-Asset Calculation

China Shuifa Singyes Energy Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	809.009	/	2777.229
	=	0.29

China Shuifa Singyes Energy Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	747.334	/	2701.003
	=	0.28

China Shuifa Singyes Energy Holdings (OTCPK:CSSXF) 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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China Shuifa Singyes Energy Holdings (China Shuifa Singyes Energy Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » China Shuifa Singyes Energy Holdings Ltd (OTCPK:CSSXF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

00750:Hong Kong

Address

168-200 Connaught Road Central, Unit 3108, 31st Floor, China Merchants Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.sfsyenergy.com

China Shuifa Singyes Energy Holdings Ltd is an investment holding company. The company is a professional renewable energy solution provider and building contractor. The principal activities of the company include design, fabrication, and installation of conventional curtain walls and solar projects. The operating segment includes Construction services, Sale of products, Sale of electricity and related tariff subsidy and Others. Majority revenue derived from Construction services segment.

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