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Sichuan Energy Investment Development Co (FRA:84H) LT-Debt-to-Total-Asset : 0.06 (As of Jun. 2024)


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What is Sichuan Energy Investment Development 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. Sichuan Energy Investment Development Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.06.

Sichuan Energy Investment Development Co's long-term debt to total assets ratio increased from Jun. 2023 (0.05) to Jun. 2024 (0.06). It may suggest that Sichuan Energy Investment Development Co is progressively becoming more dependent on debt to grow their business.

Sichuan Energy Investment Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sichuan Energy Investment Development 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.

* Premium members only.

Sichuan Energy Investment Development Co LT-Debt-to-Total-Asset Chart

Sichuan Energy Investment Development Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only 0.03 - - - 0.05

Sichuan Energy Investment Development Co Semi-Annual Data
Dec15 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 0.05 0.05 0.06

Sichuan Energy Investment Development Co LT-Debt-to-Total-Asset Calculation

Sichuan Energy Investment Development 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 )
=42.003/812.284
=0.05

Sichuan Energy Investment Development Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )/Total Assets (Q: Jun. 2024 )
=49.213/834.758
=0.06

* 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.

Sichuan Energy Investment Development Co  (FRA:84H) 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.

Sichuan Energy Investment Development Co LT-Debt-to-Total-Asset Related Terms

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Sichuan Energy Investment Development Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Sichuan Energy Investment Development Co Ltd (FRA:84H) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
HKSE:01257 HKSE:00295 HKSE:00451 HKSE:00527 HKSE:00987 HKSE:01185 HKSE:00090 HKSE:01335 HKSE:08326 HKSE:01165 ISX:BREN CEG WBO:VER XPRA:CEZ OCSE:ORSTED SHSE:600905 SHSE:600025 SZSE:001289 BOM:541450 XLIS:EDPR
Traded in Other Exchanges
01713:Hong Kong
Address
No. 789, Renhe Road, Wenjiang District, Sichuan Province, Chengdu, CHN, 610081
Website
http://www.scntgf.com
Sichuan Energy Investment Development Co Ltd is a vertically integrated power supplier and service provider. The Company, together with its subsidiaries, is principally engaged in the power business and power engineering construction services and related businesses. The power business mainly includes power generation and power supply services. EECS business, which consists of electrical engineering construction service and sales of electric equipment and materials.

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