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China Resources Gas Group (HKSE:01193) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2024)


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What is China Resources Gas 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 Resources Gas Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.09.

China Resources Gas Group's long-term debt to total assets ratio declined from Jun. 2023 (0.16) to Jun. 2024 (0.09). It may suggest that China Resources Gas Group is progressively becoming less dependent on debt to grow their business.

China Resources Gas Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Resources Gas 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 Resources Gas Group LT-Debt-to-Total-Asset Chart

China Resources Gas Group 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 0.06 0.01 0.09 0.13

China Resources Gas Group 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 0.05 0.09 0.16 0.13 0.09

China Resources Gas Group LT-Debt-to-Total-Asset Calculation

China Resources Gas 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 )
=18159.154/137871.085
=0.13

China Resources Gas Group'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 )
=12489.742/139687.367
=0.09

* 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 Resources Gas Group  (HKSE:01193) 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 Resources Gas Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Resources Gas Group Ltd (HKSE:01193) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
HKSE:02688 HKSE:00384 HKSE:00956 HKSE:00003 HKSE:03633 HKSE:01083 HKSE:01600 HKSE:02886 HKSE:06661 HKSE:09908 XMAD:NTGY ATO NI MIL:SRG BOM:532155 TSE:9531 TSE:9532 BOM:542066 XKLS:6033 UGI
Traded in Other Exchanges
CRGGF:USA LGX1:Germany
Address
26 Harbour Road, Room 1901-02, China Resources Building, Wanchai, Hong Kong, HKG
Website
https://www.crcgas.com
China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2023, CRG's portfolio comprised 276 city gas projects in China. The firm achieved annual gas sales volume of 38.8 billion cubic meters and has connected 57.3 million residential customers, or a penetration rate of 59.3%.
Executives
Jpmorgan Chase & Co. 2502 Approved lending agent
The Capital Group Companies, Inc. 2201 Interest of corporation controlled by you
China Resources Company Limited
Crh (gas) Limited

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