Perennial Energy Holdings (HKSE:02798) Debt-to-Asset : 0.21 (As of Dec. 2023)

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What is Perennial Energy Holdings Debt-to-Asset?

Perennial Energy Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$749 Mil. Perennial Energy Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$252 Mil. Perennial Energy Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was HK$4,735 Mil. Perennial Energy Holdings's debt to asset for the quarter that ended in Dec. 2023 was 0.21.

Perennial Energy Holdings Debt-to-Asset Historical Data

The historical data trend for Perennial Energy Holdings's Debt-to-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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Perennial Energy Holdings Debt-to-Asset Chart

Perennial Energy Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.13

0.14

0.16

0.19

0.21

Perennial Energy Holdings Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial										0.16	0.23	0.19	0.29	0.21

Competitive Comparison of Perennial Energy Holdings's Debt-to-Asset

For the Coking Coal subindustry, Perennial Energy Holdings's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Perennial Energy Holdings's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Perennial Energy Holdings's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Perennial Energy Holdings's Debt-to-Asset falls into.

Perennial Energy Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Perennial Energy Holdings's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(749.406	+	251.569)	/	4735.239
	=	0.21

Perennial Energy Holdings's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(749.406	+	251.569)	/	4735.239
	=	0.21

Perennial Energy Holdings (HKSE:02798) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Perennial Energy Holdings Debt-to-Asset Related Terms

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Perennial Energy Holdings (HKSE:02798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Perennial Energy Holdings Ltd (HKSE:02798) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

PEZ:Germany

Address

Hongguo Economic Development Area, Office Building next to E' Lang Pu Leisure Square, Guizhou Province, Liupanshui, CHN

Website

https://www.perennialenergy.hk

Perennial Energy Holdings Ltd is a coal mining. The company operates two underground coal mines in the Songshan coalfield in western Panzhou City, Guizhou Province, the People's Republic of China, namely, the Hongguo Mine and the Baogushan Mine. The revenue of the company is derived from the production and sales of coal products including clean coal, middling coal, and sludge coal; and the sale of coalbed methane gas as well as subcontracting income on coal washing services for Bangda in the People's Republic of China.

Executives

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Yu Bang Ping
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Qu Liu Mei	2202 Interest of your spouse
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Leung Ka Hung

Perennial Energy Holdings (HKSE:02798) Headlines

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