Beijing Haixin Energy Technology Co (SZSE:300072) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Beijing Haixin Energy 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. Beijing Haixin Energy Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Beijing Haixin Energy Technology Co's long-term debt to total assets ratio declined from Sep. 2023 (0.03) to Sep. 2024 (0.01). It may suggest that Beijing Haixin Energy Technology Co is progressively becoming less dependent on debt to grow their business.

Beijing Haixin Energy Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Beijing Haixin Energy 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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Beijing Haixin Energy Technology Co LT-Debt-to-Total-Asset Chart

Beijing Haixin Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.04

0.03

0.02

Beijing Haixin Energy Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.02	0.01	0.01	0.01

Beijing Haixin Energy Technology Co LT-Debt-to-Total-Asset Calculation

Beijing Haixin Energy 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 )
	=	196.973	/	10884.166
	=	0.02

Beijing Haixin Energy Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	79.026	/	10045.193
	=	0.01

Beijing Haixin Energy Technology Co (SZSE:300072) 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.

Beijing Haixin Energy Technology Co LT-Debt-to-Total-Asset Related Terms

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Beijing Haixin Energy Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Beijing Haixin Energy Technology Co Ltd (SZSE:300072) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.33 North Renda Road, 9th, 10th, 11th, and 12th floors of Dahang Jiye Building, Haidian District, Beijing, CHN, 100080

Website

http://www.sanju.cn

Beijing Haixin Energy Technology Co Ltd is engaged in the production and sales of new environmental protection materials and chemical products. It provides integrated services for the fossil energy industry, ecological agriculture and green energy services, manufacturing and integrated services for oil and gas facilities, and value-added trade services.

Executives

Cao Hua Feng	Directors, executives
Sun Yan Hong	Directors, executives
Lin Ke	Director
Pu Yan Fang	Executives
Ren Xiang Kun	Executives
Fu Xing Guo	Executives
Yuan Yi	Executives
Wang Ning Sheng	Directors, executives
Li Lin	Directors, executives
Zhang Shu Rong	Directors, executives
Liu Ming Yong	Director
Guan Shuang	Securities Affairs Representative
Wang Qing Ming	Director
Zhang Jie	Director
Cong Lan Bo	Directors, executives

Beijing Haixin Energy Technology Co Headlines

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