ANTA Sports Products (FRA:AS7) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2023)

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What is ANTA Sports Products 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. ANTA Sports Products's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.16.

ANTA Sports Products's long-term debt to total assets ratio increased from Dec. 2022 (0.06) to Dec. 2023 (0.16). It may suggest that ANTA Sports Products is progressively becoming more dependent on debt to grow their business.

ANTA Sports Products LT-Debt-to-Total-Asset Historical Data

The historical data trend for ANTA Sports Products'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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ANTA Sports Products LT-Debt-to-Total-Asset Chart

ANTA Sports Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.26

0.23

0.06

0.16

ANTA Sports Products Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	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															0.23	0.08	0.06	0.17	0.16

ANTA Sports Products LT-Debt-to-Total-Asset Calculation

ANTA Sports Products'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 )
	=	1897.135	/	11844.637
	=	0.16

ANTA Sports Products'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 )
	=	1897.135	/	11844.637
	=	0.16

ANTA Sports Products (FRA:AS7) 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.

ANTA Sports Products LT-Debt-to-Total-Asset Related Terms

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ANTA Sports Products (FRA:AS7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ANTA Sports Products Ltd (FRA:AS7) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ANPDY:USA ANPDF:USA ANTA:Mexico 02020:Hong Kong

Address

Anta Headquarters Building, Dongshan Industrial Zone, Chidian Town, Fujian Province, Jinjiang, CHN, 362212

Website

https://www.anta.com

Anta Sports is the largest Chinese sportswear company, engaging in the design, manufacturing, and marketing of sportswear. Brands under Anta's management include the Anta core brand, Fila, Descente, Sprandi, Kolon, and KingKow. As of the end of 2020, the company had 12,260 stores, of which 9,922 were Anta stores and 2,006 were Fila stores.

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