Jointo Energy Investment Co Hebei (SZSE:000600) LT-Debt-to-Total-Asset : 0.39 (As of Mar. 2024)

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What is Jointo Energy Investment Co Hebei 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. Jointo Energy Investment Co Hebei's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.39.

Jointo Energy Investment Co Hebei's long-term debt to total assets ratio declined from Mar. 2023 (0.49) to Mar. 2024 (0.39). It may suggest that Jointo Energy Investment Co Hebei is progressively becoming less dependent on debt to grow their business.

Jointo Energy Investment Co Hebei LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jointo Energy Investment Co Hebei'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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Jointo Energy Investment Co Hebei LT-Debt-to-Total-Asset Chart

Jointo Energy Investment Co Hebei Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.24

0.42

0.41

Jointo Energy Investment Co Hebei 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															0.49	0.49	0.45	0.41	0.39

Jointo Energy Investment Co Hebei LT-Debt-to-Total-Asset Calculation

Jointo Energy Investment Co Hebei'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 )
	=	15603.332	/	38486.631
	=	0.41

Jointo Energy Investment Co Hebei'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 )
	=	16063.782	/	40725.824
	=	0.39

Jointo Energy Investment Co Hebei (SZSE:000600) 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.

Jointo Energy Investment Co Hebei LT-Debt-to-Total-Asset Related Terms

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Jointo Energy Investment Co Hebei (SZSE:000600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Jointo Energy Investment Co Ltd Hebei (SZSE:000600) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Yuhua West Road, Yuyuan Plaza, Block A, 17th Floor, Hebei, Shijiazhuang, CHN, 050051

Website

http://www.jei.com.cn

Jointo Energy Investment Co Ltd Hebei is engaged in the investment, construction, management, and energy production of energy projects.

Executives

Liu Hong	Executives
Mi Da Bin	Director
Wang Ting Liang	Director
Bai Zhi Jun	Executives
Dan Qun Ying	Director
Wang Yong Zhong	Director

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