Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2024)

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What is Xinjiang Zhundong Petroleum Technology 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 Zhundong Petroleum Technology Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.02.

Xinjiang Zhundong Petroleum Technology Co's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.02). It may suggest that Xinjiang Zhundong Petroleum Technology Co is progressively becoming more dependent on debt to grow their business.

Xinjiang Zhundong Petroleum Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xinjiang Zhundong Petroleum Technology 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 Zhundong Petroleum Technology Co LT-Debt-to-Total-Asset Chart

Xinjiang Zhundong Petroleum Technology Co Annual Data

Trend

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LT-Debt-to-Total-Asset

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0.02

Xinjiang Zhundong Petroleum Technology 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															-	-	0.02	0.02	0.02

Xinjiang Zhundong Petroleum Technology Co LT-Debt-to-Total-Asset Calculation

Xinjiang Zhundong Petroleum Technology 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 )
	=	5.2	/	337.175
	=	0.02

Xinjiang Zhundong Petroleum Technology 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 )
	=	4.624	/	300.393
	=	0.02

Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) 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 Zhundong Petroleum Technology Co LT-Debt-to-Total-Asset Related Terms

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Xinjiang Zhundong Petroleum Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Xinjiang Zhundong Petroleum Technology Co Ltd (SZSE:002207) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 251 Youyi Road, Xinjiang Uygur Autonomous Region, Karamay, CHN, 831511

Website

http://www.zygf.com.cn

Xinjiang Zhundong Petroleum Technology Co Ltd is engaged in providing oilfield dynamic monitoring and enhanced oil recovery technology services for oil and natural gas mining enterprises. The business of the company includes petroleum technology services, transportation services, and sales of chemical products. The services include well testing, production testing, water shutoff, profile control, and coiled tubing operations.

Executives

Lv Zhan Min	Directors, Directors, and Executives
Jian Wei	Directors, executives
Ai Ke Bai Er Mai Mai Ti	Supervisors
Zhao Shu Zhi	Supervisors
Shi Qiang	Executives
Gu Yu Rong	Independent director
Wang Yu Xin	Executives
Cao Hao	Director
Liu Jun	Supervisors
Zuo Jun	Supervisors
Ai Ke Bai Er Mai Mai Ti	Supervisors
Ding Hao	Supervisors
Xu Wen Shi	Executives
Chang Wen Jiu	Directors, executives
Tao Wei	Supervisors

Xinjiang Zhundong Petroleum Technology Co Headlines

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