MIE Holdings (HKSE:01555) LT-Debt-to-Total-Asset : 1.63 (As of Jun. 2024)

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What is MIE Holdings 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. MIE Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 1.63.

MIE Holdings's long-term debt to total assets ratio increased from Jun. 2023 (1.05) to Jun. 2024 (1.63). It may suggest that MIE Holdings is progressively becoming more dependent on debt to grow their business.

MIE Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for MIE 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.

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MIE Holdings LT-Debt-to-Total-Asset Chart

MIE Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.99

1.48

2.02

MIE Holdings 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															0.99	1.05	1.48	1.63	2.02

MIE Holdings LT-Debt-to-Total-Asset Calculation

MIE 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 )
	=	2793.895	/	1888.219
	=	1.48

MIE 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 )
	=	2841.583	/	1740.914
	=	1.63

MIE Holdings (HKSE:01555) 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.

MIE Holdings LT-Debt-to-Total-Asset Related Terms

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MIE Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MIE Holdings Corp (HKSE:01555) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

19MA:Germany

Address

North Star East Road, North Star Times Tower No.8, Room 1301-1303, Chaoyang, Beijing, CHN, 100101

Website

http://www.mienergy.com.cn

MIE Holdings Corp is an investment holding company. It is principally engaged in the exploration, development, production, and sale of crude oil in the People's Republic of China. There is only one segment which is principally engaged in the exploration, development, production, and sale of oil under PSCs in the PRC. It has the following oil and gas properties: two producing production oil sharing contracts in northeast China; participating interests in an exploration contract and six production contracts in Kazakhstan held by Emir-Oil. The majority of the company's revenue comes from China.

Executives

Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Sit Hon Wing	2201 Interest of corporation controlled by you
Ohc Opportunity Investment Limited	2201 Interest of corporation controlled by you
Soochow Securities (international) Financial Holdings Limited	2201 Interest of corporation controlled by you
Billion Capital Shine Inc.	2201 Interest of corporation controlled by you
China Orient Asset Management (international) Holding Limited	2201 Interest of corporation controlled by you
China Orient Asset Management Co., Ltd.	2201 Interest of corporation controlled by you
Dong Yin Development (holdings) Limited	2201 Interest of corporation controlled by you
Wise Leader Assets Ltd.	2201 Interest of corporation controlled by you
Excel Link Capital Inc.	2201 Interest of corporation controlled by you
Orient Energy Opportunity Investment Limited Partnership Fund	2106 Person having a security interest in shares
Zhao Jiangwei	2101 Beneficial owner
Zhao Jiangbo	2401 A concert party to an agreement to buy shares
Zhang Ruilin	2401 A concert party to an agreement to buy shares
Far East Energy Limited	2401 A concert party to an agreement to buy shares

MIE Holdings Headlines

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