Guangxi Energy Co (SHSE:600310) LT-Debt-to-Total-Asset : 0.32 (As of Dec. 2024)

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What is Guangxi Energy 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. Guangxi Energy Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.32.

Guangxi Energy Co's long-term debt to total assets ratio declined from Dec. 2023 (0.33) to Dec. 2024 (0.32). It may suggest that Guangxi Energy Co is progressively becoming less dependent on debt to grow their business.

Guangxi Energy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangxi Energy 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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Guangxi Energy Co LT-Debt-to-Total-Asset Chart

Guangxi Energy Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.22

0.32

0.29

0.33

0.32

Guangxi Energy Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.33	0.34	0.33	0.33	0.32

Guangxi Energy Co LT-Debt-to-Total-Asset Calculation

Guangxi Energy Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	7473.564	/	23289.994
	=	0.32

Guangxi Energy Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	7473.564	/	23289.994
	=	0.32

Guangxi Energy Co (SHSE:600310) 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.

Guangxi Energy Co LT-Debt-to-Total-Asset Related Terms

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Guangxi Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Guangxi Energy Co Ltd (SHSE:600310) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 12 Ping'an West Road, Guangxi Zhuang Autonomous Region, Hezhou, CHN, 542899

Website

https://www.gdep.com.cn

Guangxi Energy Co Ltd is involved in electric power generation and distribution. The Company operates hydroelectric power stations and produces middle to high voltage electronic aluminum foils.

Executives

Huang Shao Wei

Supervisors

Guangxi Energy Co Headlines

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