Anhui Hengyuan Coal Industry And Electricity Power Co (SHSE:600971) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Anhui Hengyuan Coal Industry And Electricity 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. Anhui Hengyuan Coal Industry And Electricity Power Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Anhui Hengyuan Coal Industry And Electricity Power Co's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.03). It may suggest that Anhui Hengyuan Coal Industry And Electricity Power Co is progressively becoming less dependent on debt to grow their business.

Anhui Hengyuan Coal Industry And Electricity Power Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Anhui Hengyuan Coal Industry And Electricity 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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Anhui Hengyuan Coal Industry And Electricity Power Co LT-Debt-to-Total-Asset Chart

Anhui Hengyuan Coal Industry And Electricity Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.03

Anhui Hengyuan Coal Industry And Electricity Power 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															0.03	0.03	0.02	0.03	0.03

Anhui Hengyuan Coal Industry And Electricity Power Co LT-Debt-to-Total-Asset Calculation

Anhui Hengyuan Coal Industry And Electricity 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 )
	=	565.97	/	21263.422
	=	0.03

Anhui Hengyuan Coal Industry And Electricity Power 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 )
	=	609.97	/	21515.422
	=	0.03

Anhui Hengyuan Coal Industry And Electricity Power Co (SHSE:600971) 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.

Anhui Hengyuan Coal Industry And Electricity Power Co LT-Debt-to-Total-Asset Related Terms

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Anhui Hengyuan Coal Industry And Electricity Power Co (SHSE:600971) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Anhui Hengyuan Coal Industry And Electricity Power Co Ltd (SHSE:600971) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Liuqiao Town, Tunxi County, Anhui Province, Huaibei, CHN, 235162

Website

http://www.ahhymd.com.cn

Anhui Hengyuan Coal Industry And Electricity Power Co Ltd is a China-based company engaged in mining, processing, washing, and sale of coal. It offers coal blending, washing coal, smelting clean coal products which are widely used in electric power, metallurgy, petrochemical, building materials, coking, blast furnace injection, civil and other fields. Geographically the company's products are sold well in East China and Jiangxi province.

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