Shan Xi Hua Yang Group New Energy Co (SHSE:600348) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

What is Shan Xi Hua Yang Group New 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. Shan Xi Hua Yang Group New Energy Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.16.

Shan Xi Hua Yang Group New Energy Co's long-term debt to total assets ratio declined from Dec. 2022 (0.19) to Dec. 2023 (0.16). It may suggest that Shan Xi Hua Yang Group New Energy Co is progressively becoming less dependent on debt to grow their business.

Shan Xi Hua Yang Group New Energy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shan Xi Hua Yang Group New 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.

* Premium members only.

Shan Xi Hua Yang Group New Energy Co LT-Debt-to-Total-Asset Chart

Shan Xi Hua Yang Group New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.07

0.08

0.12

0.19

0.16

Shan Xi Hua Yang Group New Energy Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.22	0.22	0.22	0.16

Shan Xi Hua Yang Group New Energy Co LT-Debt-to-Total-Asset Calculation

Shan Xi Hua Yang Group New Energy 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 )
	=	11429.426	/	71571.043
	=	0.16

Shan Xi Hua Yang Group New Energy Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	11429.426	/	71571.043
	=	0.16

Shan Xi Hua Yang Group New Energy Co (SHSE:600348) 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.

Shan Xi Hua Yang Group New Energy Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Shan Xi Hua Yang Group New Energy Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Shan Xi Hua Yang Group New Energy Co (SHSE:600348) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shan Xi Hua Yang Group New Energy Co Ltd (SHSE:600348) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 2, Taobei West Street, Mining District, Shanxi Province, Yangquan, CHN, 045000

Website

https://www.ymjt.com.cn

Shan Xi Hua Yang Group New Energy Co Ltd, formerly Yang Quan Coal Industry (Group) Co Ltd is mainly engaged in coal mining, processing, and distribution as well as power generation and heat supply. The company has about 1.8 billion tons of recoverable coal reserves. In 2010, Yangquan produced 26.21 million tons of coal and distributed 45.38 million tons of coal.

Shan Xi Hua Yang Group New Energy Co (SHSE:600348) Headlines

No Headlines