Quang Ninh Thermal power JSC (HSTC:QTP) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Quang Ninh Thermal power JSC 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. Quang Ninh Thermal power JSC's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Quang Ninh Thermal power JSC's long-term debt to total assets ratio declined from Sep. 2023 (0.04) to Sep. 2024 (0.02). It may suggest that Quang Ninh Thermal power JSC is progressively becoming less dependent on debt to grow their business.

Quang Ninh Thermal power JSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Quang Ninh Thermal power JSC'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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Quang Ninh Thermal power JSC LT-Debt-to-Total-Asset Chart

Quang Ninh Thermal power JSC Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.04

0.03

Quang Ninh Thermal power JSC Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.04	0.03	0.03	0.02	0.02

Quang Ninh Thermal power JSC LT-Debt-to-Total-Asset Calculation

Quang Ninh Thermal power JSC'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 )
	=	217750	/	7379930.191
	=	0.03

Quang Ninh Thermal power JSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	142750	/	7253763.317
	=	0.02

Quang Ninh Thermal power JSC (HSTC:QTP) 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.

Quang Ninh Thermal power JSC LT-Debt-to-Total-Asset Related Terms

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Quang Ninh Thermal power JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Quang Ninh Thermal power JSC (HSTC:QTP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Group 33 Area 5, Ha Khanh Ward, Quang Ninh Province, Ha Long City, VNM

Website

http://www.quangninhtpc.com.vn

Quang Ninh Thermal power JSC is engaged in the generation, transmission, and distribution of electricity.

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