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Hunan Chendian International Development Co (SHSE:600969) LT-Debt-to-Total-Asset : 0.43 (As of Sep. 2024)


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What is Hunan Chendian International Development 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. Hunan Chendian International Development Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.43.

Hunan Chendian International Development Co's long-term debt to total assets ratio declined from Sep. 2023 (0.46) to Sep. 2024 (0.43). It may suggest that Hunan Chendian International Development Co is progressively becoming less dependent on debt to grow their business.

Hunan Chendian International Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hunan Chendian International Development 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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Hunan Chendian International Development Co LT-Debt-to-Total-Asset Chart

Hunan Chendian International Development 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 Premium Member Only Premium Member Only 0.46 0.40 0.51 0.47 0.44

Hunan Chendian International Development 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.46 0.44 0.44 0.44 0.43

Hunan Chendian International Development Co LT-Debt-to-Total-Asset Calculation

Hunan Chendian International Development 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 )
=6631.259/14947.052
=0.44

Hunan Chendian International Development 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 )
=6497.551/15054.272
=0.43

* 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.

Hunan Chendian International Development Co  (SHSE:600969) 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.

Hunan Chendian International Development Co LT-Debt-to-Total-Asset Related Terms

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Hunan Chendian International Development Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hunan Chendian International Development Co Ltd (SHSE:600969) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SZSE:000692 SHSE:600396 SHSE:600101 SHSE:600509 XMAD:IBE ADX:TAQA SAU:2082 MIL:ENEL SRE XPAR:ENGI DFM:DEWA XTER:EOAN XTER:RWE LSE:SSE XTER:EBK TSX:BIP.UN XLIS:EDP ASX:ORG AES TSE:9502
Traded in Other Exchanges
N/A
Address
Wanuo Building, No. 5 Youth Avenue, Hunan Province, Quzhou, CHN, 423000
Website
http://www.chinacdi.com
Hunan Chendian International Development Co Ltd is a China-based company. Its business activities are divided into five divisions including Power supply business that purchases electricity from hydropower, power grid and China Southern Power Grid in the power supply area, and sells electricity to terminal power users through its transmission and power-distribution network, Water supply business mainly produces and sells tap water, Industrial gases provide gas supply services for large and medium-sized steel enterprises., Hydropower development is engaged in investment development and operation management of hydropower stations, and Sewage treatment invests in construction of operating sewage.
Executives
Fan Pei Shun Director
Yuan Zhi Yong Director

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