China Huarong Energy Co (FRA:XYTA) LT-Debt-to-Total-Asset: 1.64 (As of Jun. 2024)

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What is China Huarong Energy Co LT-Debt-to-Total-Asset?

China Huarong Energy Co FRA:XYTA LT-Debt-to-Total-Asset is 1.64 as of Jun. 2024.

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 Huarong Energy Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 1.64.

China Huarong Energy Co's long-term debt to total assets ratio declined from Jun. 2023 (1.67) to Jun. 2024 (1.64). It may suggest that China Huarong Energy Co is progressively becoming less dependent on debt to grow their business.

China Huarong Energy Co  (FRA:XYTA) 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 Huarong Energy Co LT-Debt-to-Total-Asset Related Terms

China Huarong Energy Co LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for China Huarong 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.

China Huarong Energy Co LT-Debt-to-Total-Asset Chart

China Huarong Energy Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 1.44 1.57 1.62 1.59

China Huarong Energy Co 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 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 Premium Member Only Premium Member Only Premium Member Only 1.58 1.62 1.67 1.59 1.64

China Huarong Energy Co LT-Debt-to-Total-Asset Calculation

China Huarong 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 )
=287.141/180.458
=1.59

China Huarong 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 )
=297.872/182.01
=1.64

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 1.64 mean?
China Huarong Energy Co (FRA:XYTA) has a LT-Debt-to-Total-Asset of 1.64 as of Jun. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on China Huarong Energy Co and its competitors.
Is China Huarong Energy Co's LT-Debt-to-Total-Asset too high?
China Huarong Energy Co's current LT-Debt-to-Total-Asset is 1.64.
How does China Huarong Energy Co's LT-Debt-to-Total-Asset compare to COP and EOG?
China Huarong Energy Co's LT-Debt-to-Total-Asset of 1.64 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for an Oil & Gas company?
A good LT-Debt-to-Total-Asset depends on the Oil & Gas industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on China Huarong Energy Co and its competitors. China Huarong Energy Co's current LT-Debt-to-Total-Asset is 1.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Huarong Energy Co stock overvalued right now?
China Huarong Energy Co (FRA:XYTA) has a current LT-Debt-to-Total-Asset of 1.64. The current LT-Debt-to-Total-Asset is 1.64. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For China Huarong Energy Co (FRA:XYTA), the current LT-Debt-to-Total-Asset is 1.64 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Huarong Energy Co Business Description

Industry EnergyOil & Gas
Address 50 Wing Tai Road, Room 807H, 8th Floor, Cornell Centre, Chaiwan, Hong Kong, HKG
China Huarong Energy Co Ltd is a company principally engaged in the business of energy exploration and production focusing on oil and gas-related customers and markets. Its projects include approximately four oilfields located in the Fergana Valley of the Republic of Kyrgyzstan. The company's reportable segments are; Energy exploration and production which generates revenue from sales of crude oil in Kyrgyzstan; and the Oil storage and trading segment which generates key revenue for the firm is engaged in renting its capacity in the provision of oil storage services and trading the relevant commodities in China. Geographically, the company generates a majority of its revenue from China and the rest from Kyrgyzstan.