Bestsun Energy Co (SHSE:600681) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)

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What is Bestsun 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. Bestsun Energy Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.09.

Bestsun Energy Co's long-term debt to total assets ratio declined from Sep. 2023 (0.13) to Sep. 2024 (0.09). It may suggest that Bestsun Energy Co is progressively becoming less dependent on debt to grow their business.

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

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

Bestsun Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.14

0.13

0.14

Bestsun Energy 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															0.13	0.14	0.14	0.08	0.09

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

Bestsun 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 )
	=	1120.53	/	7871.15
	=	0.14

Bestsun Energy 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 )
	=	671.024	/	7725.684
	=	0.09

Bestsun Energy Co (SHSE:600681) 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.

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Bestsun Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Bestsun Energy Co Ltd (SHSE:600681) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.1, Yangxin Road, Hanyang District, Hubei Province, Wuhan, CHN, 100022

Website

http://www.bestsungas.com

Bestsun Energy Co Ltd is a China-based company operates as a gas production and supply industry. It invests in natural gas pipelines, liquefied natural gas, and natural gas vehicle fillings stations.

Executives

Ma Fu You	Supervisors
Fu Sheng Li	Supervisors
Wang Dong Hai	Director
Han Xiao	Director

Bestsun Energy Co Headlines

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