Sinoma Energy Conservation (SHSE:603126) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Sinoma Energy Conservation 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. Sinoma Energy Conservation's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Sinoma Energy Conservation's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.07). It may suggest that Sinoma Energy Conservation is progressively becoming less dependent on debt to grow their business.

Sinoma Energy Conservation LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sinoma Energy Conservation'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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Sinoma Energy Conservation LT-Debt-to-Total-Asset Chart

Sinoma Energy Conservation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.05

0.06

Sinoma Energy Conservation 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															0.07	0.06	0.07	0.07	0.07

Sinoma Energy Conservation LT-Debt-to-Total-Asset Calculation

Sinoma Energy Conservation'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 )
	=	349.258	/	5432.83
	=	0.06

Sinoma Energy Conservation'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 )
	=	337.305	/	5134.069
	=	0.07

Sinoma Energy Conservation (SHSE:603126) 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.

Sinoma Energy Conservation LT-Debt-to-Total-Asset Related Terms

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Sinoma Energy Conservation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Sinoma Energy Conservation Ltd (SHSE:603126) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Southwest of the intersection of Jingjin Highway and Longzhou Road, Building 3, Beichen Building, Beichen District, Tianjin, CHN, 300400

Website

https://www.sinoma-ec.cn

Sinoma Energy Conservation Ltd is engaged in energy conservation and waste reduction. Its business scope mainly includes investment of waste heat power generation project (BOT); engineering technology development, consultancy and design of waste heat power generation (EP); turn-key contract (EPC); supply of clean development mechanism (CDM); development proposals and technology consultancy.

Executives

Zhang Qi	Director
Shui Wei	senior management
Liu Chun Yan	senior management
Dong Lan Qi	senior management
Liu Xiao Feng	Director
Hu Ye Ming	senior management
Liu Xi De	Director
Yang Ze Xue	senior management

Sinoma Energy Conservation Headlines

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