China Suntien Green Energy (FRA:9C6) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2024)

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What is China Suntien Green Energy 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 Suntien Green Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.40.

China Suntien Green Energy's long-term debt to total assets ratio declined from Dec. 2023 (0.42) to Dec. 2024 (0.40). It may suggest that China Suntien Green Energy is progressively becoming less dependent on debt to grow their business.

China Suntien Green Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Suntien Green Energy'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 Suntien Green Energy LT-Debt-to-Total-Asset Chart

China Suntien Green Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.47

0.42

0.40

China Suntien Green Energy Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.42	0.44	0.41	0.43	0.40

China Suntien Green Energy LT-Debt-to-Total-Asset Calculation

China Suntien Green Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	4439.484	/	11020.333
	=	0.40

China Suntien Green Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	4439.484	/	11020.333
	=	0.40

China Suntien Green Energy (FRA:9C6) 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 Suntien Green Energy LT-Debt-to-Total-Asset Related Terms

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China Suntien Green Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Suntien Green Energy Corp Ltd (FRA:9C6) » Definitions » LT-Debt-to-Total-Asset

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00956:Hong Kong 600956:China

Address

No. 9 Yuhua West Road, 9th Floor, Block A, Yuyuan Plaza, Qiaoxi District, Hebei Province, Shijiazhuang, CHN, 050001

Website

https://www.suntien.com

China Suntien Green Energy is engaged in the wind power, photovoltaic, and natural gas businesses. The natural gas segment is involved in the sales of natural gas and gas appliances, and the provision of construction and connection services of natural gas pipelines. The wind and solar energy segment sells electricity to external grid companies by operating wind farms and solar energy plants. In 2023, the firm's natural gas transmission volume was 5,114 million cubic meters, while sales volume of electricity was 13.93 billion kilowatt-hours. As of end-2023, the firm had consolidated renewable energy (wind and solar) installed capacity of 6.42 gigawatts.

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