Zhonghua Gas Holdings (HKSE:08246) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Zhonghua Gas 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. Zhonghua Gas Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Zhonghua Gas Holdings's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Jun. 2024 (0.01). It may suggest that Zhonghua Gas Holdings is progressively becoming more dependent on debt to grow their business.

Zhonghua Gas Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhonghua 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.

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Zhonghua Gas Holdings LT-Debt-to-Total-Asset Chart

Zhonghua Gas Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.23

Zhonghua Gas Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	0.01

Zhonghua Gas Holdings LT-Debt-to-Total-Asset Calculation

Zhonghua 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 )
	=	0.486	/	382.462
	=	0.00

Zhonghua 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 )
	=	2.744	/	393.482
	=

Zhonghua Gas Holdings (HKSE:08246) 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.

Zhonghua Gas Holdings LT-Debt-to-Total-Asset Related Terms

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Zhonghua Gas Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Zhonghua Gas Holdings Ltd (HKSE:08246) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, 23rd Floor, Chinachem Century Tower, Wan chai, Hong Kong, HKG

Website

https://www.8246hk.com

Zhonghua Gas Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the provision of diverse integrated new energy services including technological development, construction and consultancy services in relation to heat supply and coal-to-natural gas conversion, operation of liquefied natural gas stations, coupled with the trading of new energy-related industrial products (New Energy Business); the operation of restaurants and trading of non-staple food (Catering Business) and the leasing of investment properties. The Group has two reportable operating segments, which are Energy Business; and Property Investments. It derives a majority of its revenue from the energy business.

Executives

Hu Yishi	2201 Interest of corporation controlled by you
Lin Min,mindy	2201 Interest of corporation controlled by you
Smart Lane Global Limited	2101 Beneficial owner
Uprise Global Investments Limited	2101 Beneficial owner
Yuan Rong Century Investment Holdings Limited	2201 Interest of corporation controlled by you
Wang Xiang Ming	2101 Beneficial owner
Depot Up Limited	2101 Beneficial owner
Full Kingdom Limited
Kai Yuan Holdings Limited
New York Limited
Blossom Merit Limited	2101 Beneficial owner
Song Zhi Cheng	2201 Interest of corporation controlled by you
Chan Tai Neng	2201 Interest of corporation controlled by you

Zhonghua Gas Holdings Headlines

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