CGN New Energy Holdings Co (HKSE:01811) LT-Debt-to-Total-Asset : 0.55 (As of Dec. 2023)

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What is CGN New Energy Holdings 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. CGN New Energy Holdings Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.55.

CGN New Energy Holdings Co's long-term debt to total assets ratio increased from Dec. 2022 (0.52) to Dec. 2023 (0.55). It may suggest that CGN New Energy Holdings Co is progressively becoming more dependent on debt to grow their business.

CGN New Energy Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for CGN New Energy Holdings 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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CGN New Energy Holdings Co LT-Debt-to-Total-Asset Chart

CGN New Energy Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.51

0.50

0.52

0.55

CGN New Energy Holdings Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.50	0.49	0.52	0.57	0.55

CGN New Energy Holdings Co LT-Debt-to-Total-Asset Calculation

CGN New Energy Holdings 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 )
	=	35860.259	/	65212.939
	=	0.55

CGN New Energy Holdings 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 )
	=	35860.259	/	65212.939
	=	0.55

CGN New Energy Holdings Co (HKSE:01811) 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.

CGN New Energy Holdings Co LT-Debt-to-Total-Asset Related Terms

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CGN New Energy Holdings Co (HKSE:01811) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CGN New Energy Holdings Co Ltd (HKSE:01811) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

C41:Germany

Address

25 Harbour Road, 15th Floor, Harbour Centre, Wanchai, Hong Kong, HKG

Website

http://www.cgnne.com

CGN New Energy Holdings Co Ltd together with its subsidiaries is engaged in the generation and supply of electricity and steam, the construction and operation of power stations, and other associated facilities in PRC and Korea. The company has three reportable segments; Power plants in the PRC include the Generation and supply of electricity, Power plants in Korea include the Generation and supply of electricity, and Management companies include the Provision of management services to power plants operated by CGN and its subsidiaries.

CGN New Energy Holdings Co (HKSE:01811) Headlines

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