COSCO SHIPPING Energy Transportation Co (HKSE:01138) LT-Debt-to-Total-Asset : 0.34 (As of Dec. 2023)

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What is COSCO SHIPPING Energy Transportation 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. COSCO SHIPPING Energy Transportation Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.34.

COSCO SHIPPING Energy Transportation Co's long-term debt to total assets ratio increased from Dec. 2022 (0.33) to Dec. 2023 (0.34). It may suggest that COSCO SHIPPING Energy Transportation Co is progressively becoming more dependent on debt to grow their business.

COSCO SHIPPING Energy Transportation Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for COSCO SHIPPING Energy Transportation 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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COSCO SHIPPING Energy Transportation Co LT-Debt-to-Total-Asset Chart

COSCO SHIPPING Energy Transportation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.35

0.29

0.25

0.33

0.34

COSCO SHIPPING Energy Transportation 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															0.31	0.32	0.35	0.34	-

COSCO SHIPPING Energy Transportation Co LT-Debt-to-Total-Asset Calculation

COSCO SHIPPING Energy Transportation 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 )
	=	26861.847	/	78843.533
	=	0.34

COSCO SHIPPING Energy Transportation Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	26861.847	/	78843.533
	=	0.34

COSCO SHIPPING Energy Transportation Co (HKSE:01138) 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.

COSCO SHIPPING Energy Transportation Co LT-Debt-to-Total-Asset Related Terms

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COSCO SHIPPING Energy Transportation Co (HKSE:01138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Energy Transportation Co Ltd (HKSE:01138) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

HIFH:Germany 600026:China

Address

No.670 Dongdaming Road, 7th Floor, Hongkou District, Shanghai, CHN, 200080

Website

https://energy.coscoshipping.com

COSCO SHIPPING Energy Transportation Co Ltd engages in the shipping business. The firm's business covers oil shipping, which includes vessel chartering. The company operates through the following segments: Oil shipment, LNG and Others. The majority of the firm's revenue gets dominated by the Oil shipment segment.

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