Hangzhou Cogeneration Group Co (SHSE:605011) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Hangzhou Cogeneration 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. Hangzhou Cogeneration Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Hangzhou Cogeneration Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.07). It may suggest that Hangzhou Cogeneration Group Co is progressively becoming less dependent on debt to grow their business.

Hangzhou Cogeneration Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hangzhou Cogeneration 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.

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Hangzhou Cogeneration Group Co LT-Debt-to-Total-Asset Chart

Hangzhou Cogeneration Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.12

0.08

0.06

Hangzhou Cogeneration Group Co Quarterly Data
	Dec17	Dec18	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															0.08	0.07	0.07	0.06	0.07

Hangzhou Cogeneration Group Co LT-Debt-to-Total-Asset Calculation

Hangzhou Cogeneration 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 )
	=	240.267	/	3792.255
	=	0.06

Hangzhou Cogeneration Group Co'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 )
	=	248.135	/	3805.375
	=	0.07

Hangzhou Cogeneration Group Co (SHSE:605011) 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.

Hangzhou Cogeneration Group Co LT-Debt-to-Total-Asset Related Terms

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Hangzhou Cogeneration Group Co (SHSE:605011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Hangzhou Cogeneration Group Co Ltd (SHSE:605011) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Jiangnan Constellation, Changhe Street, Room 701, Unit 1, Building 2, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310051

Website

http://www.hzrdjt.com

Hangzhou Cogeneration Group Co Ltd is primarily involved in the cogeneration and central heating in the industrial park.

Executives

Xu Yang

Director

Hangzhou Cogeneration Group Co (SHSE:605011) Headlines

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