Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) LT-Debt-to-Total-Asset : 0.24 (As of Mar. 2024)

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What is Tongyi Carbon Neutral Energy (Xinjiang) 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. Tongyi Carbon Neutral Energy (Xinjiang) Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.24.

Tongyi Carbon Neutral Energy (Xinjiang) Co's long-term debt to total assets ratio declined from Mar. 2023 (0.29) to Mar. 2024 (0.24). It may suggest that Tongyi Carbon Neutral Energy (Xinjiang) Co is progressively becoming less dependent on debt to grow their business.

Tongyi Carbon Neutral Energy (Xinjiang) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tongyi Carbon Neutral Energy (Xinjiang) 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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Tongyi Carbon Neutral Energy (Xinjiang) Co LT-Debt-to-Total-Asset Chart

Tongyi Carbon Neutral Energy (Xinjiang) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.28

0.26

Tongyi Carbon Neutral Energy (Xinjiang) 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															0.29	0.29	0.28	0.26	0.24

Tongyi Carbon Neutral Energy (Xinjiang) Co LT-Debt-to-Total-Asset Calculation

Tongyi Carbon Neutral Energy (Xinjiang) 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 )
	=	543.132	/	2124.59
	=	0.26

Tongyi Carbon Neutral Energy (Xinjiang) 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 )
	=	543.292	/	2267.913
	=	0.24

Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) 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.

Tongyi Carbon Neutral Energy (Xinjiang) Co LT-Debt-to-Total-Asset Related Terms

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Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tongyi Carbon Neutral Energy (Xinjiang) Co Ltd (SHSE:600506) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Shengguo Mingyuan, Shengguo Road, Xinjiang, Ku'erle, CHN, 841000

Website

http://www.xjxlgf.com.cn

Tongyi Carbon Neutral Energy (Xinjiang) Co Ltd formerly Xinjiang Koerle Pear Co Ltd is an orchard planting company. It produces korla pear and ratafee.

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