Henan Shenhuo Coal & Power Co (SZSE:000933) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Henan Shenhuo Coal & Power 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. Henan Shenhuo Coal & Power Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Henan Shenhuo Coal & Power Co's long-term debt to total assets ratio increased from Mar. 2023 (0.05) to Mar. 2024 (0.11). It may suggest that Henan Shenhuo Coal & Power Co is progressively becoming more dependent on debt to grow their business.

Henan Shenhuo Coal & Power Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Henan Shenhuo Coal & Power 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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Henan Shenhuo Coal & Power Co LT-Debt-to-Total-Asset Chart

Henan Shenhuo Coal & Power 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

0.12

0.10

0.05

0.09

Henan Shenhuo Coal & Power 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															0.05	0.06	0.07	0.09	0.11

Henan Shenhuo Coal & Power Co LT-Debt-to-Total-Asset Calculation

Henan Shenhuo Coal & Power 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 )
	=	4952.796	/	57857.614
	=	0.09

Henan Shenhuo Coal & Power 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 )
	=	6238.087	/	59430.913
	=	0.10

Henan Shenhuo Coal & Power Co (SZSE:000933) 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.

Henan Shenhuo Coal & Power Co LT-Debt-to-Total-Asset Related Terms

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Henan Shenhuo Coal & Power Co (SZSE:000933) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Henan Shenhuo Coal & Power Co Ltd (SZSE:000933) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

17 Guangming Road, Dongcheng District, Henan Province, Yongcheng, CHN, 476600

Website

http://www.shenhuo.com

Henan Shenhuo Coal & Power Co Ltd is a China-based company engaged in the manufacture, processing, and sale of coal, power generation, electrolytic aluminum and deep processing of products. Its products include coal products, aluminum smelting products, aluminum processing products and mechanical processing products.

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