China Qinfa Group (HKSE:00866) LT-Debt-to-Total-Asset : 0.22 (As of Dec. 2023)

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What is China Qinfa Group 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 Qinfa Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.22.

China Qinfa Group's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.22). It may suggest that China Qinfa Group is progressively becoming more dependent on debt to grow their business.

China Qinfa Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Qinfa Group'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 Qinfa Group LT-Debt-to-Total-Asset Chart

China Qinfa Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.50

0.28

0.01

0.22

China Qinfa Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.27	0.01	0.03	0.22

China Qinfa Group LT-Debt-to-Total-Asset Calculation

China Qinfa Group'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 )
	=	1856.403	/	8594.447
	=	0.22

China Qinfa Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1856.403	/	8594.447
	=	0.22

China Qinfa Group (HKSE:00866) 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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China Qinfa Group (HKSE:00866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » China Qinfa Group Ltd (HKSE:00866) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1 Pazhou Avenue East, Unit Nos. 2201 to 2208, Level 22, South Tower, Poly International Plaza, Haizhu District, Guangzhou, CHN

Website

http://www.qinfagroup.com

China Qinfa Group Ltd is a Hong-Kong based firm engaged in coal operation business involving coal mining, purchases and sales, filtering, storage, the blending of coal in the PRC, and shipping transportation. The company operates its business through two segments namely Coal and Shipping transportation segments. Coal business segment covers coal mining, purchases and sales, filtering, storage and blending of coal in the PRC, and Shipping transportation segment provides services of time charter and voyage charter of vessels. It has a business presence in the PRC and other countries, of which the majority of the revenue is generated within the PRC.

China Qinfa Group (HKSE:00866) Headlines

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