Hubei Energy Group Co (SZSE:000883) LT-Debt-to-Total-Asset : 0.33 (As of Mar. 2024)

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What is Hubei Energy Group 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. Hubei Energy Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.33.

Hubei Energy Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.35) to Mar. 2024 (0.33). It may suggest that Hubei Energy Group Co is progressively becoming less dependent on debt to grow their business.

Hubei Energy Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hubei Energy Group 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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Hubei Energy Group Co LT-Debt-to-Total-Asset Chart

Hubei Energy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.22

0.28

0.34

0.31

Hubei Energy Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.35	0.35	0.32	0.31	0.33

Hubei Energy Group Co LT-Debt-to-Total-Asset Calculation

Hubei Energy Group 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 )
	=	28681.654	/	91290.338
	=	0.31

Hubei Energy Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	31532.553	/	94922.973
	=	0.33

Hubei Energy Group Co (SZSE:000883) 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.

Hubei Energy Group Co LT-Debt-to-Total-Asset Related Terms

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Hubei Energy Group Co (SZSE:000883) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Hubei Energy Group Co Ltd (SZSE:000883) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 356 Wuluo Road, Wuchang District, Wuhan, Hubei, CHN, 430070

Website

http://www.hbny.com.cn

Hubei Energy Group Co Ltd is an energy company in China. The companies business segments include hydropower, thermal power, nuclear power, new energy, natural gas, coal, and finance.

Executives

Li Shao Ping	Supervisors
Zhang Guo Yong	Executives
Jin Biao	Executives
Cheng Tao	Executives
Zhou Jiang	Directors, executives
Liu Cheng Li	Supervisors
Li Chang Cai	Executives
Xiao Hong Jiang	Director
Zhang Xue Gui	Executives
Sun Gui Ping	Executives
Deng Yu Min	Directors, executives
Jia Shu Guang	Executives
Yuan Hong Liang	Supervisors
Tan Hui	Supervisors
Wu Jun	Director

Hubei Energy Group Co (SZSE:000883) Headlines

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