Zhongyu Energy Holdings (HKSE:03633) LT-Debt-to-Total-Asset : 0.17 (As of Dec. 2023)

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What is Zhongyu Energy Holdings 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. Zhongyu Energy Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.17.

Zhongyu Energy Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.20) to Dec. 2023 (0.17). It may suggest that Zhongyu Energy Holdings is progressively becoming less dependent on debt to grow their business.

Zhongyu Energy Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhongyu Energy Holdings'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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Zhongyu Energy Holdings LT-Debt-to-Total-Asset Chart

Zhongyu Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.33

0.18

0.28

0.20

0.17

Zhongyu Energy Holdings 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															0.28	0.20	0.20	0.29	0.17

Zhongyu Energy Holdings LT-Debt-to-Total-Asset Calculation

Zhongyu Energy Holdings'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 )
	=	4599.571	/	26430.107
	=	0.17

Zhongyu Energy Holdings'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 )
	=	4599.571	/	26430.107
	=	0.17

Zhongyu Energy Holdings (HKSE:03633) 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.

Zhongyu Energy Holdings LT-Debt-to-Total-Asset Related Terms

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Zhongyu Energy Holdings (HKSE:03633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Zhongyu Energy Holdings Ltd (HKSE:03633) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MJVC:Germany

Address

27th Floor, Building B, Meilin Center Square, South Plaza, Futian District, Guangdong Province, Shenzhen, CHN

Website

https://www.zhongyuenergy.com

Zhongyu Energy Holdings Ltd is mainly engaged in the sales of piped gas. Its business segments include sales of gas; gas pipeline construction; value-added services (including sales of stoves and provision of other related services); operation of CNG/LNG vehicle filling stations; and smart energy. The majority of revenue is derived from the sale of gas segment.

Executives

Hezhong Investment Holding Company Limited	2101 Beneficial owner
Wang Wenliang	2201 Interest of corporation controlled by you
China Gas Holdings Limited	2201 Interest of corporation controlled by you
Yiu Chi Shing	2201 Interest of corporation controlled by you
Fundway International Investment Ltd	2101 Beneficial owner
Feng Haiyan	2101 Beneficial owner

Zhongyu Energy Holdings (HKSE:03633) Headlines

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