China Southern Power Grid Energy Storage Co (SHSE:600995) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2024)

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What is China Southern Power Grid Energy Storage 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. China Southern Power Grid Energy Storage Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.39.

China Southern Power Grid Energy Storage Co's long-term debt to total assets ratio increased from Dec. 2023 (0.32) to Dec. 2024 (0.39). It may suggest that China Southern Power Grid Energy Storage Co is progressively becoming more dependent on debt to grow their business.

China Southern Power Grid Energy Storage Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Southern Power Grid Energy Storage 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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China Southern Power Grid Energy Storage Co LT-Debt-to-Total-Asset Chart

China Southern Power Grid Energy Storage Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.03

0.33

0.25

0.32

0.39

China Southern Power Grid Energy Storage Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.35	0.38	0.40	0.39

China Southern Power Grid Energy Storage Co LT-Debt-to-Total-Asset Calculation

China Southern Power Grid Energy Storage Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	19904.442	/	50466.641
	=	0.39

China Southern Power Grid Energy Storage Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	19904.442	/	50466.641
	=	0.39

China Southern Power Grid Energy Storage Co (SHSE:600995) 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.

China Southern Power Grid Energy Storage Co LT-Debt-to-Total-Asset Related Terms

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China Southern Power Grid Energy Storage Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Southern Power Grid Energy Storage Co Ltd (SHSE:600995) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 29, Fenghuang Road, Yunnan Province, Wenshan, CHN, 663000

Website

http://www.es.csg.cn

China Southern Power Grid Energy Storage Co Ltd is engaged in electric power generation and distribution. The company also operates hydroelectric power stations in China.

Executives

Tang Jian Liang	senior management
Zhong Lin	senior management
Liu Guo Gang	Director
Liu Ya Jun	senior management
Tang Zhong Liang	senior management
Lu Wen Sheng	senior management
Lv Zhi	Director
Yang Wei Cong	Supervisors
Li Ding Lin	Directors, senior managers
Sun Li Qun	senior management
Zhou Ling Ling	Supervisors
Zhang Hong	Director
Yang Yu Jian	Director
Zhang Ren Bo	Supervisors
Hu Yu Shan	Supervisors

China Southern Power Grid Energy Storage Co Headlines

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