Yuan Heng Gas Holdings (HKSE:00332) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2023)

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What is Yuan Heng Gas Holdings 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. Yuan Heng Gas Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.00.

Yuan Heng Gas Holdings's long-term debt to total assets ratio declined from Sep. 2022 (0.06) to Sep. 2023 (0.00). It may suggest that Yuan Heng Gas Holdings is progressively becoming less dependent on debt to grow their business.

Yuan Heng Gas Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Yuan Heng Gas Holdings'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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Yuan Heng Gas Holdings LT-Debt-to-Total-Asset Chart

Yuan Heng Gas Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.07

0.01

0.05

0.02

0.04

Yuan Heng Gas Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.02	0.06	0.04	-

Yuan Heng Gas Holdings LT-Debt-to-Total-Asset Calculation

Yuan Heng Gas Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	168.231	/	4336.09
	=	0.04

Yuan Heng Gas Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.276	/	3760.886
	=	0.00

Yuan Heng Gas Holdings (HKSE:00332) 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.

Yuan Heng Gas Holdings LT-Debt-to-Total-Asset Related Terms

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Yuan Heng Gas Holdings (HKSE:00332) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Yuan Heng Gas Holdings Ltd (HKSE:00332) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Harcourt Road, Room 4102, 41st Floor, Far East Finance Centre, Hong Kong, HKG

Website

https://www.yuanhenggas.com

Yuan Heng Gas Holdings Ltd is an investment holding company. The company's operating segment includes production and sales of LNG, oil and gas transactions, and piped gas. The majority of the revenue is generated from oil and gas transactions. Its geographical segments include the People's Republic of China(PRC), Hong Kong, and Singapore, of which the majority of the revenue comes from PRC.

Executives

Champion Ever Limited	2101 Beneficial owner
Cheng Xu	2202 Interest of your spouse
Wang Jianqing	2201 Interest of corporation controlled by you
Central Huijin Investment Ltd.	2106 Person having a security interest in shares
China Construction Bank Corporation	2106 Person having a security interest in shares
Fundfleet Investment Limited Partnership	2101 Beneficial owner
Galaxy King Limited	2101 Beneficial owner

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