TL Natural Gas Holdings (HKSE:08536) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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

TL Natural 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 TL Natural Gas Holdings is progressively becoming more dependent on debt to grow their business.

TL Natural Gas Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for TL Natural 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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TL Natural Gas Holdings LT-Debt-to-Total-Asset Chart

TL Natural Gas Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.11

0.03

0.01

TL Natural 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															-	0.02	-	0.01	0.01

TL Natural Gas Holdings LT-Debt-to-Total-Asset Calculation

TL Natural 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 )
	=	0.888	/	75.646
	=	0.01

TL Natural 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 )
	=	0.611	/	71.034
	=

TL Natural Gas Holdings (HKSE:08536) 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.

TL Natural Gas Holdings LT-Debt-to-Total-Asset Related Terms

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TL Natural Gas Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » TL Natural Gas Holdings Ltd (HKSE:08536) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dong Fang Road, Jingzhou Primary Station, Economic Development Zone, Hubei Province, Jingzhou, CHN

Website

http://www.tl-cng.com

TL Natural Gas Holdings Ltd is engaged in the sale of compressed natural gas and automated car wash service. The company operates in four different segments the sale of natural gas; the automated car wash service; the provision of digital marketing service and the provision of fast food catering service. The company derives revenue from the sale of compressed natural gas. The revenue comes from the distribution of CNG to retail customers mainly vehicle end users and wholesale customers town gas companies, gas station operators, and industrial users.

Executives

Hongsheng Enterprise Limited	2101 Beneficial owner
Liu Yongcheng	2103 Interests held jointly with another person
Liu Yongqiang	2201 Interest of corporation controlled by you
Yongsheng Enterprise Limited	2103 Interests held jointly with another person
Yu Ting Hin	2101 Beneficial owner
Lee Kwok Wah	2101 Beneficial owner
Stable Development Company Limited	2101 Beneficial owner
Yu Kin Wai Perway	2201 Interest of corporation controlled by you
Fai Wai Lap Felip	2101 Beneficial owner

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