JiaXing Gas Group Co (HKSE:09908) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is JiaXing Gas Group 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. JiaXing Gas Group Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.12.

JiaXing Gas Group Co's long-term debt to total assets ratio declined from Dec. 2022 (0.16) to Dec. 2023 (0.12). It may suggest that JiaXing Gas Group Co is progressively becoming less dependent on debt to grow their business.

JiaXing Gas Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for JiaXing Gas Group 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.

JiaXing Gas Group Co LT-Debt-to-Total-Asset Chart

JiaXing Gas Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.13

0.16

0.19

0.16

0.12

JiaXing Gas Group Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.19	0.17	0.16	0.14	0.12

JiaXing Gas Group Co LT-Debt-to-Total-Asset Calculation

JiaXing Gas Group 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 )
	=	345.271	/	2903.699
	=	0.12

JiaXing Gas Group 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 )
	=	345.271	/	2903.699
	=	0.12

JiaXing Gas Group Co (HKSE:09908) 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.

JiaXing Gas Group Co LT-Debt-to-Total-Asset Related Terms

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

JiaXing Gas Group Co (HKSE:09908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JiaXing Gas Group Co Ltd (HKSE:09908) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, Building 3, Hualong Plaza,No. 32 Qinyi Road, Economic and Technological Development Zone, Zhejiang Province, Jiaxing, CHN

Website

http://www.jxrqgs.com

JiaXing Gas Group Co Ltd is a piped natural gas (PNG) operator in Jiaxing. The company engages in sales of gas, PNG in Jiaxing, LNG and LPG; construction and installation services to construct and install end-user pipeline network and gas facilities; and provision of natural gas transportation services, sales of vapour and construction materials, and leasing of properties. Its customers include residential and non-residential users, property developers and owners or occupants of residential and non-residential properties.

Executives

Xinneng (hong Kong) Energy Investment Limited	2201 Interest of corporation controlled by you
Enn Natural Gas Co., Ltd.	2201 Interest of corporation controlled by you
Zhao Baoju	2201 Interest of corporation controlled by you
Wang Yusuo	2201 Interest of corporation controlled by you
Langfang City Natural Gas Company Limited	2201 Interest of corporation controlled by you
Enn Yingchuang Technology Co., Ltd.	2201 Interest of corporation controlled by you
Enn Investment Holdings Company Limited	2201 Interest of corporation controlled by you
Enn Group International Investment Limited	2201 Interest of corporation controlled by you
Enn Capital Management Co., Ltd.	2201 Interest of corporation controlled by you
Dan Hongying	2202 Interest of your spouse
Liu Zhenjiang	2201 Interest of corporation controlled by you
Xiang Gang Mei Shi Ju Guo Ji Mao Yi You Xian Gong Si	2101 Beneficial owner
Jia Xing Jin Yuan Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Xiang Gang Hong Sheng Mu Ye Mao Yi You Xian Gong Si	2101 Beneficial owner
Shen Xiaohong	2201 Interest of corporation controlled by you

JiaXing Gas Group Co (HKSE:09908) Headlines

No Headlines