Sinopec Shandong Taishan Petroleum Co (SZSE:000554) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Sinopec Shandong Taishan Petroleum 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. Sinopec Shandong Taishan Petroleum Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Sinopec Shandong Taishan Petroleum Co's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.06). It may suggest that Sinopec Shandong Taishan Petroleum Co is progressively becoming more dependent on debt to grow their business.

Sinopec Shandong Taishan Petroleum Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sinopec Shandong Taishan Petroleum 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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Sinopec Shandong Taishan Petroleum Co LT-Debt-to-Total-Asset Chart

Sinopec Shandong Taishan Petroleum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.07

0.04

0.06

Sinopec Shandong Taishan Petroleum Co 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															0.04	0.04	0.05	0.06	0.06

Sinopec Shandong Taishan Petroleum Co LT-Debt-to-Total-Asset Calculation

Sinopec Shandong Taishan Petroleum 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 )
	=	99.71	/	1793.29
	=	0.06

Sinopec Shandong Taishan Petroleum 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 )
	=	95.936	/	1656.407
	=	0.06

Sinopec Shandong Taishan Petroleum Co (SZSE:000554) 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.

Sinopec Shandong Taishan Petroleum Co LT-Debt-to-Total-Asset Related Terms

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Sinopec Shandong Taishan Petroleum Co (SZSE:000554) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Shandong Taishan Petroleum Co Ltd (SZSE:000554) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

369 Dongyue Street, Shandong Province, Tai'an, CHN

Website

Sinopec Shandong Taishan Petroleum Co Ltd is a China-based company mainly engaged in the purchase and sale of refined oil, natural gas and diesel fuel.

Executives

Ren Jun	Director
Sun Wei	Executives
Wu Yan Ming	Supervisors

Sinopec Shandong Taishan Petroleum Co (SZSE:000554) Headlines

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