Beijing Haohua Energy Resource Co (SHSE:601101) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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What is Beijing Haohua Energy Resource 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. Beijing Haohua Energy Resource Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

Beijing Haohua Energy Resource Co's long-term debt to total assets ratio declined from Sep. 2023 (0.25) to Sep. 2024 (0.18). It may suggest that Beijing Haohua Energy Resource Co is progressively becoming less dependent on debt to grow their business.

Beijing Haohua Energy Resource Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Beijing Haohua Energy Resource 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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Beijing Haohua Energy Resource Co LT-Debt-to-Total-Asset Chart

Beijing Haohua Energy Resource Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.24

0.19

0.26

0.18

Beijing Haohua Energy Resource 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															0.25	0.18	0.18	0.19	0.18

Beijing Haohua Energy Resource Co LT-Debt-to-Total-Asset Calculation

Beijing Haohua Energy Resource 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 )
	=	5392.696	/	29917.331
	=	0.18

Beijing Haohua Energy Resource 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 )
	=	5362.795	/	29508.147
	=	0.18

Beijing Haohua Energy Resource Co (SHSE:601101) 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.

Beijing Haohua Energy Resource Co LT-Debt-to-Total-Asset Related Terms

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Beijing Haohua Energy Resource Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Beijing Haohua Energy Resource Co Ltd (SHSE:601101) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Beijing New Bridge Street on the 2nd Mentougou, Beijing, CHN, 102300

Website

http://www.bjhhny.com

Beijing Haohua Energy Resource Co Ltd is engaged in coal mining, washing and processing, export, and sales. The products of the company include anthracite coal, ultra-low sulphur, ultra-low phosphorus, low nitrogen, medium and low ash, high calorific value, and high stability.

Executives

Hao Hong Xia

Director

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