Dogness (International) (Dogness (International)) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2023)

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What is Dogness (International) 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. Dogness (International)'s long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.15.

Dogness (International)'s long-term debt to total assets ratio increased from Dec. 2022 (0.12) to Dec. 2023 (0.15). It may suggest that Dogness (International) is progressively becoming more dependent on debt to grow their business.

Dogness (International) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dogness (International)'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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Dogness (International) LT-Debt-to-Total-Asset Chart

Dogness (International) Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.02

0.08

0.06

0.13

Dogness (International) Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.07	0.06	0.12	0.13	0.15

Dogness (International) LT-Debt-to-Total-Asset Calculation

Dogness (International)'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	12.208	/	97.871
	=	0.12

Dogness (International)'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 )
	=	14.894	/	97.957
	=	0.15

Dogness (International) (NAS:DOGZ) 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.

Dogness (International) LT-Debt-to-Total-Asset Related Terms

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Dogness (International) (Dogness (International)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Dogness (International) Corp (NAS:DOGZ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tongsha Industrial Estate, East District, Guangdong Province, Dongguan City, CHN, 523217

Website

https://www.dognesspet.com

Dogness (International) Corp designs, manufactures pet products, including leashes and smart products, and lanyards. The Company designs, process and manufactures fashionable and high-quality leashes, collars, and harnesses to complement cats' and dogs' appearances, as well as intelligent pet products. The Company also provides dyeing services to external customers, as well as pet grooming services. The dyeing service is to utilize the existing production capacity and the pet grooming service is immaterial. Geographically, it generates maximum revenue from Mainland China and also has a presence in the United States, Europe, Australia, Canada, Central, and South America, Japan, and other Asian countries and regions.