Shanxi Guoxin Energy (SHSE:600617) LT-Debt-to-Total-Asset : 0.47 (As of Mar. 2024)

View and export this data going back to 1992. Start your Free Trial

What is Shanxi Guoxin Energy 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 Guoxin Energy's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.47.

Shanxi Guoxin Energy's long-term debt to total assets ratio increased from Mar. 2023 (0.42) to Mar. 2024 (0.47). It may suggest that Shanxi Guoxin Energy is progressively becoming more dependent on debt to grow their business.

Shanxi Guoxin Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanxi Guoxin Energy'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 Guoxin Energy LT-Debt-to-Total-Asset Chart

Shanxi Guoxin Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.41

0.39

0.41

0.34

0.43

Shanxi Guoxin Energy 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															0.42	0.44	0.46	0.43	0.47

Shanxi Guoxin Energy LT-Debt-to-Total-Asset Calculation

Shanxi Guoxin Energy'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 )
	=	12478.859	/	28942.173
	=	0.43

Shanxi Guoxin Energy'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 )
	=	13541.358	/	29101.101
	=	0.47

Shanxi Guoxin Energy (SHSE:600617) 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 Guoxin Energy LT-Debt-to-Total-Asset Related Terms

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

Shanxi Guoxin Energy (SHSE:600617) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shanxi Guoxin Energy Corporation Ltd (SHSE:600617) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

900913:China

Address

No. 6 Zhongxin Street, High-tech Development Zone, Shanxi Province, Taiyuan, CHN, 030032

Website

http://www.600617.com.cn

Shanxi Guoxin Energy Corporation Ltd is engaged in the planning, construction, operation and management of natural gas pipeline networks.

Executives

Lan Xu

Director

Shanxi Guoxin Energy (SHSE:600617) Headlines

No Headlines