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Henan Jinyuan Hydrogenated Chemicals Co (HKSE:02502) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)


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What is Henan Jinyuan Hydrogenated Chemicals Co 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. Henan Jinyuan Hydrogenated Chemicals Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

Henan Jinyuan Hydrogenated Chemicals Co's long-term debt to total assets ratio declined from Jun. 2023 (0.08) to Jun. 2024 (0.07). It may suggest that Henan Jinyuan Hydrogenated Chemicals Co is progressively becoming less dependent on debt to grow their business.

Henan Jinyuan Hydrogenated Chemicals Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Henan Jinyuan Hydrogenated Chemicals 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.

* Premium members only.

Henan Jinyuan Hydrogenated Chemicals Co LT-Debt-to-Total-Asset Chart

Henan Jinyuan Hydrogenated Chemicals Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.02 0.02 0.07 0.07

Henan Jinyuan Hydrogenated Chemicals Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial - 0.07 0.08 0.07 0.07

Henan Jinyuan Hydrogenated Chemicals Co LT-Debt-to-Total-Asset Calculation

Henan Jinyuan Hydrogenated Chemicals 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 )
=131.599/1819.376
=0.07

Henan Jinyuan Hydrogenated Chemicals 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 )
=132.927/1830.507
=0.07

* 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.

Henan Jinyuan Hydrogenated Chemicals Co  (HKSE:02502) 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.

Henan Jinyuan Hydrogenated Chemicals Co LT-Debt-to-Total-Asset Related Terms

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Henan Jinyuan Hydrogenated Chemicals Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Henan Jinyuan Hydrogenated Chemicals Co Ltd (HKSE:02502) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
Traded in Other Exchanges
N/A
Address
West First Ring Road South, Henan Province, Jiyuan, CHN
Website
https://www.jyqhhg.com
Henan Jinyuan Hydrogenated Chemicals Co Ltd supplies hydrogenated benzene-based chemicals and energy products in Henan province. The company operates in the following segments: The Refined chemicals segment which accounts for the majority of revenue engages in sales of hydrogenated benzene-based chemicals; the Energy products segment sale energy products, mainly coal gas and LNG; Trading engages in trading of refined oil, LNG, and hydrogen through gas stations and Other Services segment.
Executives
Max Success Group Holdings Limited
Ng Mei Ling
Yeung Chi Ming
Ascend Open Master Fund Vcc - Yide Kui Mao Fund V 2101 Beneficial owner
Haitong International Holdings Limited 2201 Interest of corporation controlled by you
Haitong International Securities Company Limited 2101 Beneficial owner
Haitong International Securities Group Limited 2201 Interest of corporation controlled by you
Haitong Securities Co., Ltd. 2201 Interest of corporation controlled by you
Ubs Tc (jersey) Ltd 2201 Interest of corporation controlled by you
Henan Jinma Energy Company Limited
Zhongsheng Holdings Company Limited 2101 Beneficial owner
Zhongsheng Group Holdings Limited 2201 Interest of corporation controlled by you
You Zhenhua
Wang Fengmei
Dong Caiping

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