China Merchants Energy Shipping Co (SHSE:601872) LT-Debt-to-Total-Asset : 0.19 (As of Mar. 2024)

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What is China Merchants Energy Shipping 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. China Merchants Energy Shipping Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.19.

China Merchants Energy Shipping Co's long-term debt to total assets ratio declined from Mar. 2023 (0.28) to Mar. 2024 (0.19). It may suggest that China Merchants Energy Shipping Co is progressively becoming less dependent on debt to grow their business.

China Merchants Energy Shipping Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Merchants Energy Shipping 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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China Merchants Energy Shipping Co LT-Debt-to-Total-Asset Chart

China Merchants Energy Shipping Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.29

0.37

0.31

0.35

0.20

China Merchants Energy Shipping 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															0.28	0.27	0.23	0.20	0.19

China Merchants Energy Shipping Co LT-Debt-to-Total-Asset Calculation

China Merchants Energy Shipping 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 )
	=	12352.118	/	62394.662
	=	0.20

China Merchants Energy Shipping 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 )
	=	12170.15	/	63572.256
	=	0.19

China Merchants Energy Shipping Co (SHSE:601872) 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.

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China Merchants Energy Shipping Co (SHSE:601872) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Merchants Energy Shipping Co Ltd (SHSE:601872) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Zhongshan East 1st Road, Shanghai, Shanghai, CHN, 200002

Website

http://www.cmenergyshipping.com

China Merchants Energy Shipping Co Ltd is a China-based company engages in the tanker transportation, bulk cargo vessel transportation and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to the customers from China, Japan, Korea, Southeast Asia and the United States and other countries.

Executives

Hu Bin	senior management
Deng Wei Dong	Director
Wang Yong Xin	Directors, senior managers
Xu Hui	senior management
Kong Kang	senior management
Yan Wu Shan	senior management
Su Xin Gang	Director
Ding Lei	senior management
Xie Chun Lin	Director
Song De Xing	Director
Lv Sheng Zhou	Director

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