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Tianjin Tianbao Energy Co (HKSE:01671) Debt-to-Asset : 0.42 (As of Dec. 2023)


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What is Tianjin Tianbao Energy Co Debt-to-Asset?

Tianjin Tianbao Energy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$294.8 Mil. Tianjin Tianbao Energy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$199.2 Mil. Tianjin Tianbao Energy Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was HK$1,191.2 Mil. Tianjin Tianbao Energy Co's debt to asset for the quarter that ended in Dec. 2023 was 0.41.

Tianjin Tianbao Energy Co Debt-to-Asset Historical Data

The historical data trend for Tianjin Tianbao Energy Co'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.

* Premium members only.

Tianjin Tianbao Energy Co Debt-to-Asset Chart

Tianjin Tianbao Energy Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only - 0.24 0.34 0.31 0.42

Tianjin Tianbao Energy Co Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.34 0.30 0.31 0.40 0.42

Competitive Comparison of Tianjin Tianbao Energy Co's Debt-to-Asset

For the Utilities - Independent Power Producers subindustry, Tianjin Tianbao Energy Co'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.

Tianjin Tianbao Energy Co's Debt-to-Asset Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tianjin Tianbao Energy Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Tianjin Tianbao Energy Co's Debt-to-Asset falls into.


Tianjin Tianbao Energy Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tianjin Tianbao Energy Co'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
=(294.835 + 199.229) / 1191.227
=0.41

Tianjin Tianbao Energy Co'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
=(294.835 + 199.229) / 1191.227
=0.41

* 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.

Tianjin Tianbao Energy Co  (HKSE:01671) 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.

Tianjin Tianbao Energy Co Debt-to-Asset Related Terms

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Tianjin Tianbao Energy Co (HKSE:01671) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tianjin Tianbao Energy Co Ltd (HKSE:01671) » Definitions » Debt-to-Asset
Comparable Companies
HKSE:01281 SHSE:600900 HKSE:01816 BOM:533096 SHSE:600011 VST LSE:CNA HKSE:00006 BOM:539254 NRG HKSE:00836 BOM:500400 SHSE:600674 SHSE:600023 NSE:JSWENERGY SHSE:601991 BUE:PAMP DFM:EMPOWER ASX:AGL BOM:532779
Traded in Other Exchanges
N/A
Address
No.35, Haibin 8th Road, Tianjin Port Free Trade Zone, Tianjin, CHN, 300461
Website
https://www.tjtbny.com
Tianjin Tianbao Energy Co Ltd is a power operator in the Tianjin Port Free Trade Zone (Seaport and Lingang). The company is engaged in the cogeneration of steam, together with electricity, heating and cooling. The company's operations comprise i) power generation and supply; ii) electricity dispatch and sale; iii) development and operation of distributed photovoltaic power generation stations and iv) contractual energy management, energy conservation management services, vehicle charging sales, electric vehicle charging infrastructure operation, and wind power generation technology services. Its operating segments include Electricity dispatch and sale business, Power generation and supply business, and Others. It derives revenue from Power generation and supply business.
Executives
Yuan Andy Yun Nan 2101 Beneficial owner
Tian Jin Bao Shui Qu Tou Zi Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Tian Jin Tian Bao Kong Gu You Xian Gong Si 2101 Beneficial owner

Tianjin Tianbao Energy Co (HKSE:01671) Headlines

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