Shanxi Blue Flame Holding Co (SZSE:000968) LT-Debt-to-Total-Asset : 0.26 (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Shanxi Blue Flame Holding 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. Shanxi Blue Flame Holding Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.26.

Shanxi Blue Flame Holding Co's long-term debt to total assets ratio increased from Mar. 2023 (0.24) to Mar. 2024 (0.26). It may suggest that Shanxi Blue Flame Holding Co is progressively becoming more dependent on debt to grow their business.

Shanxi Blue Flame Holding Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanxi Blue Flame Holding 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.

* Premium members only.

Shanxi Blue Flame Holding Co LT-Debt-to-Total-Asset Chart

Shanxi Blue Flame Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.19

0.22

0.23

0.25

Shanxi Blue Flame Holding 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															0.24	0.25	0.26	0.25	0.26

Shanxi Blue Flame Holding Co LT-Debt-to-Total-Asset Calculation

Shanxi Blue Flame Holding 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 )
	=	2981.839	/	11829.33
	=	0.25

Shanxi Blue Flame Holding 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 )
	=	2981.707	/	11278.02
	=	0.26

Shanxi Blue Flame Holding Co (SZSE:000968) 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.

Shanxi Blue Flame Holding Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Shanxi Blue Flame Holding Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanxi Blue Flame Holding Co (SZSE:000968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shanxi Blue Flame Holding Co Ltd (SZSE:000968) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 83 Heping South Road, Taiyuan, Shanxi, CHN, 030026

Website

http://www.tymqh.com

Shanxi Blue Flame Holding Co Ltd is principally engaged in the coal washing, coking, gasification, and coal chemical production in China. The Company also produces and sells battery LED's.

Executives

Wang Chao Qun	Independent director
Wang Bao Yu	Director
Zhao Xiang Dong	Director
Liu Rong Jie	Securities Affairs Representative
Li Jin Shun	Supervisors
Hu Yao Ting	Director
Zhao Hong Da	Supervisors
Jin Jun	Director
Zhao Jing Ping	Supervisors

Shanxi Blue Flame Holding Co (SZSE:000968) Headlines

No Headlines