Xinjiang Xintai Natural Gas Co (SHSE:603393) LT-Debt-to-Total-Asset : 0.21 (As of Jun. 2024)

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What is Xinjiang Xintai Natural Gas 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. Xinjiang Xintai Natural Gas Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.21.

Xinjiang Xintai Natural Gas Co's long-term debt to total assets ratio increased from Jun. 2023 (0.17) to Jun. 2024 (0.21). It may suggest that Xinjiang Xintai Natural Gas Co is progressively becoming more dependent on debt to grow their business.

Xinjiang Xintai Natural Gas Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xinjiang Xintai Natural Gas 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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Xinjiang Xintai Natural Gas Co LT-Debt-to-Total-Asset Chart

Xinjiang Xintai Natural Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.04

0.09

0.19

Xinjiang Xintai Natural Gas Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.20	0.19	0.22	0.21

Xinjiang Xintai Natural Gas Co LT-Debt-to-Total-Asset Calculation

Xinjiang Xintai Natural Gas 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 )
	=	2760.414	/	14562.796
	=	0.19

Xinjiang Xintai Natural Gas Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	3144.648	/	15320.425
	=	0.21

Xinjiang Xintai Natural Gas Co (SHSE:603393) 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.

Xinjiang Xintai Natural Gas Co LT-Debt-to-Total-Asset Related Terms

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Xinjiang Xintai Natural Gas Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Xinjiang Xintai Natural Gas Co Ltd (SHSE:603393) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No 179 Aletai Road Zhizhusshan, Floor 1 Building 25, Urumqi High-tech Industrial Development Zone, Urumqi, CHN, 830011

Website

http://www.xjxtrq.com

Xinjiang Xintai Natural Gas Co Ltd produces and supplies natural gas and liquefied gas in China. It also provides compressed natural gas, industrial gas, urban residents use gas, commercial gas, and heating gas, as well as operates a pipeline and CNG filling station.

Executives

Ming Zai Yuan	Director
Ming Shang Yuan	Director

Xinjiang Xintai Natural Gas Co Headlines

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