CHN Energy Changyuan Electric Power Co (SZSE:000966) LT-Debt-to-Total-Asset : 0.43 (As of Mar. 2024)

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What is CHN Energy Changyuan Electric Power 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. CHN Energy Changyuan Electric Power Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.43.

CHN Energy Changyuan Electric Power Co's long-term debt to total assets ratio increased from Mar. 2023 (0.38) to Mar. 2024 (0.43). It may suggest that CHN Energy Changyuan Electric Power Co is progressively becoming more dependent on debt to grow their business.

CHN Energy Changyuan Electric Power Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for CHN Energy Changyuan Electric Power 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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CHN Energy Changyuan Electric Power Co LT-Debt-to-Total-Asset Chart

CHN Energy Changyuan Electric Power 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

0.19

0.22

0.32

0.40

CHN Energy Changyuan Electric Power 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															0.38	0.41	0.40	0.40	0.43

CHN Energy Changyuan Electric Power Co LT-Debt-to-Total-Asset Calculation

CHN Energy Changyuan Electric Power 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 )
	=	15186.633	/	37601.83
	=	0.40

CHN Energy Changyuan Electric Power 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 )
	=	15856.445	/	37250.978
	=	0.43

CHN Energy Changyuan Electric Power Co (SZSE:000966) 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.

CHN Energy Changyuan Electric Power Co LT-Debt-to-Total-Asset Related Terms

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CHN Energy Changyuan Electric Power Co (SZSE:000966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CHN Energy Changyuan Electric Power Co Ltd (SZSE:000966) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 113 Xudong Street, Guodian Building, Hongshan District, Hubei, Wuhan, CHN, 430066

Website

http://www.cydl.com.cn

Guodian Changyuan Electric Power Co Ltd Ltd is primarily engaged in the generation and distribution of thermal power, electrical power, and coal. The company operates its businesses principally in the Hubei province.

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