Sichuan Xichang Electric Power Co (SHSE:600505) LT-Debt-to-Total-Asset : 0.41 (As of Sep. 2024)

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What is Sichuan Xichang 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. Sichuan Xichang Electric Power Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.41.

Sichuan Xichang Electric Power Co's long-term debt to total assets ratio declined from Sep. 2023 (0.42) to Sep. 2024 (0.41). It may suggest that Sichuan Xichang Electric Power Co is progressively becoming less dependent on debt to grow their business.

Sichuan Xichang Electric Power Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sichuan Xichang 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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Sichuan Xichang Electric Power Co LT-Debt-to-Total-Asset Chart

Sichuan Xichang 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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0.36

0.39

0.40

0.41

0.43

Sichuan Xichang 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															0.42	0.43	0.43	0.42	0.41

Sichuan Xichang Electric Power Co LT-Debt-to-Total-Asset Calculation

Sichuan Xichang 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 )
	=	1869.974	/	4391.558
	=	0.43

Sichuan Xichang 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 )
	=	1771.188	/	4339.529
	=	0.41

Sichuan Xichang Electric Power Co (SHSE:600505) 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.

Sichuan Xichang Electric Power Co LT-Debt-to-Total-Asset Related Terms

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Sichuan Xichang Electric Power Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Sichuan Xichang Electric Power Co Ltd (SHSE:600505) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 66 Shengli Road, Xichang, Sichuan, CHN, 615000

Website

http://www.scxcdl.com

Sichuan Xichang Electric Power Co Ltd is engaged in the business of generating electric power. The company has a complete power generation, power supply, distribution, and power sales industry chain. The power generated by the company's own and in-grid hydropower stations is sold to end customers through its own power grid.

Executives

Luo Cheng

senior management

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