Sinopec Kantons Holdings (STU:SAK) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Sinopec Kantons Holdings 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. Sinopec Kantons Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Sinopec Kantons Holdings's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.00). It may suggest that Sinopec Kantons Holdings is progressively becoming more dependent on debt to grow their business.

Sinopec Kantons Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sinopec Kantons Holdings'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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Sinopec Kantons Holdings LT-Debt-to-Total-Asset Chart

Sinopec Kantons Holdings Annual Data

Trend

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Dec24

LT-Debt-to-Total-Asset

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Sinopec Kantons Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Sinopec Kantons Holdings LT-Debt-to-Total-Asset Calculation

Sinopec Kantons Holdings'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 )
	=	4.329	/	1881.862
	=	0.00

Sinopec Kantons Holdings'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 )
	=	3.748	/	1924.349
	=	0.00

Sinopec Kantons Holdings (STU:SAK) 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.

Sinopec Kantons Holdings LT-Debt-to-Total-Asset Related Terms

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Sinopec Kantons Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Kantons Holdings Ltd (STU:SAK) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SPKOY:USA 00934:Hong Kong SAK:Germany

Address

18 Whitfield Road, 34th Floor, Citicorp Centre, Causeway Bay, Hong Kong, HKG

Website

http://www.sinopec.com.hk

Sinopec Kantons Holdings Ltd is a company that operates in the storage, logistics, and trading industry. It provides crude oil and oil product terminals, ancillary facilities, and logistics services including storage, transportation, and terminal services. The company has two main segments: the crude oil jetty and storage services segment which caters to crude oil transportation, unloading, storage, and other jetty services for oil tankers in the PRC, Europe, and the Middle East, and the vessel chartering and logistics services segment which provides vessel chartering services for liquefied natural gas transportation in the PRC, Australia, and Papua New Guinea. The majority of the company's revenue is generated from the crude oil jetty and storage services segment.

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