Sino Oil and Gas Holdings (HKSE:00702) LT-Debt-to-Total-Asset: 0.03 (As of Jun. 2024)

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HKSE:00702 Sino Oil and Gas Holdings Ltd HKSE:00702
4 GF Score
Price HK$0.03
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What is Sino Oil and Gas Holdings LT-Debt-to-Total-Asset?

Sino Oil and Gas Holdings HKSE:00702 4 LT-Debt-to-Total-Asset is 0.03 as of Jun. 2024. GuruFocus rates HKSE:00702 with a GF Score™ of 4/100.

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. Sino Oil and Gas Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.03.

Sino Oil and Gas Holdings's long-term debt to total assets ratio declined from Jun. 2023 (0.09) to Jun. 2024 (0.03). It may suggest that Sino Oil and Gas Holdings is progressively becoming less dependent on debt to grow their business.

Sino Oil and Gas Holdings  (HKSE:00702) 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.

Sino Oil and Gas Holdings LT-Debt-to-Total-Asset Related Terms

Sino Oil and Gas Holdings LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Sino Oil and Gas 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.

Sino Oil and Gas Holdings LT-Debt-to-Total-Asset Chart

Sino Oil and Gas Holdings 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 0.08 0.12 0.10 0.10 0.10

Sino Oil and Gas Holdings 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 0.10 0.10 0.09 0.10 0.03
HKSE:00702
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Sino Oil and Gas Holdings Ltd HKSE:00702
LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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Sino Oil and Gas Holdings LT-Debt-to-Total-Asset Calculation

Sino Oil and Gas Holdings'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 )
=367.902/3731.764
=0.10

Sino Oil and Gas Holdings'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 )
=89.169/3581.919
=0.02

* 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 0.03 mean?
Sino Oil and Gas Holdings (HKSE:00702) has a LT-Debt-to-Total-Asset of 0.03 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 Sino Oil and Gas Holdings and its competitors.
Is Sino Oil and Gas Holdings' LT-Debt-to-Total-Asset too high?
Sino Oil and Gas Holdings' current LT-Debt-to-Total-Asset is 0.03. Overall, Sino Oil and Gas Holdings has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Sino Oil and Gas Holdings' LT-Debt-to-Total-Asset compare to competitors?
Sino Oil and Gas Holdings' LT-Debt-to-Total-Asset of 0.03 can be compared against companies in the Other Energy Sources 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 Other Energy Sources company?
A good LT-Debt-to-Total-Asset depends on the Other Energy Sources 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 Sino Oil and Gas Holdings and its competitors. Sino Oil and Gas Holdings's current LT-Debt-to-Total-Asset is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sino Oil and Gas Holdings stock overvalued right now?
Sino Oil and Gas Holdings (HKSE:00702) has a current LT-Debt-to-Total-Asset of 0.03. The current LT-Debt-to-Total-Asset is 0.03. Sino Oil and Gas Holdings' overall GF Score™ is 4/100. 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 Sino Oil and Gas Holdings (HKSE:00702), the current LT-Debt-to-Total-Asset is 0.03 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.

Sino Oil and Gas Holdings Business Description

Address 188 Connaught Road West, Room 3710, 37th Floor, Hong Kong Plaza, Hong Kong, HKG
Sino Oil and Gas Holdings Ltd is an investment holding company. It operates in four segments, namely Coalbed methane, which includes exploration, development, and production of coalbed methane; Raw & cleaned coal, which consists of raw coal washing and sale of raw and cleaned coal; Oil and gas exploitation segment is into exploitation and sale of crude oil and natural gas; and Financial Services. The group generates the majority of its revenues from the Coalbed methane segment. It geographically earns revenues from the People's Republic of China.
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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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