Zhengzhou Coal Industry & Electric Power Co (SHSE:600121) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Zhengzhou Coal Industry & 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. Zhengzhou Coal Industry & Electric Power Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Zhengzhou Coal Industry & Electric Power Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that Zhengzhou Coal Industry & Electric Power Co is progressively becoming less dependent on debt to grow their business.

Zhengzhou Coal Industry & Electric Power Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhengzhou Coal Industry & 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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Zhengzhou Coal Industry & Electric Power Co LT-Debt-to-Total-Asset Chart

Zhengzhou Coal Industry & Electric Power Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Zhengzhou Coal Industry & Electric Power Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	-

Zhengzhou Coal Industry & Electric Power Co LT-Debt-to-Total-Asset Calculation

Zhengzhou Coal Industry & 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 )
	=	81.322	/	13262.636
	=	0.01

Zhengzhou Coal Industry & Electric Power Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1.664	/	13812.555
	=	0.00

Zhengzhou Coal Industry & Electric Power Co (SHSE:600121) 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.

Zhengzhou Coal Industry & Electric Power Co LT-Debt-to-Total-Asset Related Terms

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Zhengzhou Coal Industry & Electric Power Co (SHSE:600121) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Zhengzhou Coal Industry & Electric Power Co Ltd (SHSE:600121) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Number 188, Zhongyuan West Road, Zhengzhou, CHN, 450007

Website

http://www.zzce.com.cn

Zhengzhou Coal Industry & Electric Power Co Ltd is engaged in producing and selling coal in China. It offers lean coal and anthracite for use as industrial power coal. The company is also engaged in material marketing and supply, gas power generation, and rail transport businesses.

Executives

Wang Huai Zhen	Supervisors
Guo Xiu Fu	senior management
Shi Wen Liang	senior management
Chen Shun Xing	Director

Zhengzhou Coal Industry & Electric Power Co (SHSE:600121) Headlines

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