GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fortune Valley Treasures Inc (OTCPK:FVTI) » Definitions » LT-Debt-to-Total-Asset

Fortune Valley Treasures (Fortune Valley Treasures) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)


View and export this data going back to 2016. Start your Free Trial

What is Fortune Valley Treasures 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. Fortune Valley Treasures's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Fortune Valley Treasures's long-term debt to total assets ratio increased from Dec. 2022 (0.03) to Dec. 2023 (0.07). It may suggest that Fortune Valley Treasures is progressively becoming more dependent on debt to grow their business.


Fortune Valley Treasures LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fortune Valley Treasures'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.

* Premium members only.

Fortune Valley Treasures LT-Debt-to-Total-Asset Chart

Fortune Valley Treasures Annual Data
Trend Aug15 Aug16 Aug17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only 0.51 0.05 0.04 0.03 0.07

Fortune Valley Treasures Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.03 0.03 0.05 0.07

Fortune Valley Treasures LT-Debt-to-Total-Asset Calculation

Fortune Valley Treasures'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 )
=0.406/6.249
=0.06

Fortune Valley Treasures'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 )
=0.406/6.249
=0.06

* 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.


Fortune Valley Treasures  (OTCPK:FVTI) 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.


Fortune Valley Treasures LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Fortune Valley Treasures's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Fortune Valley Treasures (Fortune Valley Treasures) Business Description

Traded in Other Exchanges
N/A
Address
No. 139 Liansheng Road, B1601 Oriental Impression Building 2, Humen Town, Dongguan, Guangdong, CHN, 523900
Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of food and beverage products in the People's Republic of China. The company is into acquiring businesses that are in the food, beverage, and alcohol industries. Its products include a variety of wines, such as dry red wine, dry white wine, rose wine, and sweet wine, and other products. Its products are sold to retailers, such as wine shops, convenience stores, and supermarkets.
Executives
Kaihong Lin director, officer: CFO, Treasurer, Director NO. 10 OF TUANJIE 2ND ROAD, BEICE, HUMEN, DONGGUAN, GUANGDONG F4 518000
Xinlong Shen director, officer: CEO, CFO 19F, LIANHE TOWER, 1069 NANHAI AVE,, NANSHAN DISTRICT, SHENZHEN F4 518000

Fortune Valley Treasures (Fortune Valley Treasures) Headlines

No Headlines