Shanghai Electric Power Co (SHSE:600021) LT-Debt-to-Total-Asset : 0.38 (As of Sep. 2024)

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What is Shanghai Electric Power 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. Shanghai Electric Power Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.38.

Shanghai Electric Power Co's long-term debt to total assets ratio increased from Sep. 2023 (0.36) to Sep. 2024 (0.38). It may suggest that Shanghai Electric Power Co is progressively becoming more dependent on debt to grow their business.

Shanghai Electric Power Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Electric Power 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.

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Shanghai Electric Power Co LT-Debt-to-Total-Asset Chart

Shanghai Electric Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.31

0.32

0.38

0.34

Shanghai Electric Power Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.34	0.36	0.37	0.38

Shanghai Electric Power Co LT-Debt-to-Total-Asset Calculation

Shanghai Electric Power 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 )
	=	57869.743	/	168572.335
	=	0.34

Shanghai Electric Power Co'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 )
	=	67399.033	/	178838.304
	=	0.38

Shanghai Electric Power Co (SHSE:600021) 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.

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Shanghai Electric Power Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shanghai Electric Power Co Ltd (SHSE:600021) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

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Address

36th Floor,268 Zhongshan South Road, Shanghai, CHN, 200010

Website

http://www.shanghaipower.com

Shanghai Electric Power Co Ltd is a China-based energy company. It is engaged in the production and sale of electricity and thermal power. It is a modern energy company integrating high-parameter and large-capacity coal-fired power, gas-fired power, wind power, solar power and distributed energy supply and others.

Executives

Zhao Bao Ren

Director

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