Towngas Smart Energy Co (FRA:PGJ) LT-Debt-to-Total-Asset : 0.15 (As of Jun. 2024)

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

Towngas Smart Energy Co's long-term debt to total assets ratio declined from Jun. 2023 (0.25) to Jun. 2024 (0.15). It may suggest that Towngas Smart Energy Co is progressively becoming less dependent on debt to grow their business.

Towngas Smart Energy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Towngas Smart 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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Towngas Smart Energy Co LT-Debt-to-Total-Asset Chart

Towngas Smart Energy Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.15

0.20

0.24

0.22

Towngas Smart Energy Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.25	0.24	0.15	0.22

Towngas Smart Energy Co LT-Debt-to-Total-Asset Calculation

Towngas Smart 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 )
	=	1521.311	/	6277.643
	=	0.24

Towngas Smart Energy 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 )
	=	932.37	/	6380.529
	=	0.15

Towngas Smart Energy Co (FRA:PGJ) 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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Towngas Smart Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Towngas Smart Energy Co Ltd (FRA:PGJ) » Definitions » LT-Debt-to-Total-Asset

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TGASF:USA 01083:Hong Kong PGJ:Germany

Address

363 Java Road, North Point, 23rd Floor, Hong Kong, HKG

Website

https://www.towngaschina.com

Towngas Smart Energy Co Ltd is an investment holding company engaged in the sales of piped gas and other types of energy, the construction of gas pipelines, the sale of gas appliances and related products, and other value-added services in the People's Republic of China. It has four operating segments; Sales of piped gas and energy including Sales of piped gas (mainly natural gas) and other types of energy, Gas connection include Construction of gas pipeline networks under gas connection contracts, Renewable energy business includes Sales of renewable energy (mainly photovoltaic power) and other related energy and services and Extended business including Sales of gas-related household appliances and related products, and other related value-added services.