Jizhong Energy Resources Co (SZSE:000937) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

View and export this data going back to 1999. Start your Free Trial

What is Jizhong Energy Resources 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. Jizhong Energy Resources Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Jizhong Energy Resources Co's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.14). It may suggest that Jizhong Energy Resources Co is progressively becoming more dependent on debt to grow their business.

Jizhong Energy Resources Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jizhong Energy Resources 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.

* Premium members only.

Jizhong Energy Resources Co LT-Debt-to-Total-Asset Chart

Jizhong Energy Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.16

0.07

0.04

0.12

Jizhong Energy Resources 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															0.04	0.09	0.12	0.12	0.14

Jizhong Energy Resources Co LT-Debt-to-Total-Asset Calculation

Jizhong Energy Resources 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 )
	=	6089.517	/	52328.007
	=	0.12

Jizhong Energy Resources 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 )
	=	7408.193	/	54602.552
	=	0.14

Jizhong Energy Resources Co (SZSE:000937) 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.

Jizhong Energy Resources Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Jizhong Energy Resources Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Jizhong Energy Resources Co (SZSE:000937) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Jizhong Energy Resources Co Ltd (SZSE:000937) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 191 Zhongxing West Street, Hebei Province, Xingtai, CHN, 054000

Website

http://www.jznygf.com

Jizhong Energy Resources Co Ltd is a China-based company engaged in coal mining and processing. It offers washed coal and sieve mixed coal products. Its main business scope covers products such as coal plates, coal chemicals and chemicals, power plates, fiberglass plates and cement plates.

Executives

Wang Yu Min	Director
Cao Yao	Supervisors
Guo Zhi Wu	Supervisors
Liang Ri Dong	Supervisors
Zhang Dang Yu	Executives
Zhang Zhen Feng	Supervisors
Xu Deng Wang	Executives

Jizhong Energy Resources Co (SZSE:000937) Headlines

No Headlines